Jishi Media Co., Ltd. (SHSE:601929) agreed to acquire an additional 9.09% stake in Jilin Cable Radio & Television Transmission Co., Ltd. from Han Zhijian and other shareholders for CNY 33.7 million on January 4, 2013. In related transactions, Jishi Media agreed to acquire an additional 3.77% stake in Jilin Wireless Radio & Television Transmission Co., Ltd. for CNY 0.7 million and the remaining 33.89% stake in Jilin Cable Radio & Television Transmission Co., Ltd. for approximately CNY 130 million on January 8, 2013. Upon completion of the transactions, Jishi Media will own 100% stake in Jilin Cable Radio & Television Transmission and Jilin Cable will become a wholly-owned unit of Jishi Media.

Jilin Cable reported assets of CNY 256.09 million, liabilities of CNY 160.47 million, owners' equity of CNY 95.62 million, revenue of CNY 151.64 million and net profit of CNY 38.35 million for the period ended December 31, 2011. Jilin Cable reported assets of CNY 242.06 million, liabilities of CNY 147.15 million and owners' equity of CNY 94.9 million for the period ended April 30, 2012 and revenue of CNY 37.17 million and net profit of CNY 2.74 million for the period from January to April 2012. The transaction was approved by Board of Jishi Media on January 4, 2013.