BEIJING MEDIA (01000.HK) Shougang, Jingfato sign amended custody pact; no general offer

NewTimeSpace · 2026/10/30 21:48 · By Xuran Lin

BEIJING MEDIA (01000.HK) said Shougang and its unit Jingfato signed an amended custody agreement on 30 Oct, with the SFC ruling no mandatory general offer is triggered and no adverse impact expected.

NewTimeSpace News: Beijing Media Corporation Limited (BEIJING MEDIA, 01000.HK) announced inside information that it was notified by its controlling shareholder Beijing Capital Group Co., Ltd. (Shougang Group) that Shougang Group and its wholly-owned subsidiary Beijing Economic Development Investment Co., Ltd. (Jingfato) signed an amended custody agreement on 30 October 2026.

Under the amended agreement, Jingfato, as delegated by Shougang Group, will exercise the shareholder rights and duties stipulated in the company's articles of association, including supervising the company's business operations, while Shougang Group retains the actual shareholder rights as principal and oversees Jingfato's custody activities.

The company was informed that the SFC has ruled the adjustments do not affect the validity of the earlier waiver, and that Jingfato is exempt from any mandatory general offer obligation. The company expects the adjustments will not adversely affect its operations or financial position.

BEIJING MEDIA 01000.HK inside information