Fengshang Culture announced that shareholder Beijing Shenglan Culture Communication Partnership, which holds more than 5% of the company, plans to transfer its 9.4225 million shares to Jin Yunkang, representing 5.00% of the total share capital, at a transfer price of 21.23 yuan per share for a total consideration of 200 million yuan. Before the transfer, Beijing Shenglan held 8.93%, and together with actual controllers Sha Xiaolan and Wang Fangyun, the combined holding was 64.85%. After the transfer, Beijing Shenglan's stake will drop to 3.93%, the trio's combined holding will be 59.85%, and Jin Yunkang will newly hold a 5% stake. Jin Yunkang has committed not to reduce the holding within 12 months after the transfer and does not rule out further increasing the stake in the next 12 months. Fengshang Culture posted its first loss since listing last year, with 2025 revenue of 239 million yuan, down 58.77% year-on-year, and a net loss attributable to the parent company of 16.5924 million yuan, a decline of 139.72% year-on-year.
Beijing Fengshangshiji Culture MediJin Yunkang acquires 5% stake for 200 million yuan, signaling confidence and providing capital.