BAOS · Baosheng Media Group Holdings Limited

The disclosed agreement involves the transfer of a significant minority stake in Guangzhou Shanxingzhe Technology Investment Partnership from Beijing Xunhuo E-Commerce Co., Ltd. (a subsidiary of Baosheng Media Group Holdings Limited) to Guangzhou Yichuanghui Enterprise Management Consulting Co., Ltd. The transaction is structured as a property interest transfer with consideration of RMB 15 million, which represents a 50% discount to the original capital contribution amount of RMB 30 million. The stated rationale for the transfer is to optimize resource allocation and supplement working capital for the transferor. The payment schedule extends through June 30, 2026, with the first installment due shortly after the agreement date. The transferee is already an existing partner in the target partnership, holding 18.8571% prior to this transaction. Completion of the transaction is contingent upon completion of change of registration procedures with the administration for industry and commerce, which is expected to occur within three business days after payment of the first installment.