On September 18, 2008, with the formal approval of China Securities Regulatory Commission, Anhui Publishing Group subscribed for HKUST's innovative directional issuance of shares with its publishing, printing and other cultural media assets, becoming the largest shareholder of listed companies and leading the country in publishing business. The listed company changed its name to "Time Publishing Media Co., Ltd." and became a cultural media listed company with the highest return on net assets, great growth potential and investment value.

The newly established Times Publishing Media Co., Ltd. includes Anhui Textbook Publishing Center, Anhui People's Publishing House, Anhui Science and Technology Publishing House, Anhui Education Publishing House, Anhui Literature and Art Publishing House, Anhui Children's Publishing House, Anhui Fine Arts Publishing House, Huangshan Bookstore, Anhui Electronic Audio and Video Publishing House, Anhui Pictorial, Anhui Xinhua Printing Co., Ltd., Anhui Rising Sun Record Company, Anhui Printing Materials Company, Anhui Times Publishing and Distribution Co., Ltd. (formerly Anhui Xinjiuya Book Co., Ltd.) and former HKUST Innovation Co., Ltd.

According to the characteristics of assets, Time Publishing Media Co., Ltd. will mainly engage in three main businesses: publishing media, printing reproduction, high-tech research and development and achievement transformation. The first is the main business of publishing media. Always adhere to the correct publishing orientation, focus on the creation, development, management and promotion of content, mainly engaged in the development, planning, publishing and distribution of teaching materials, books, periodicals, digital publishing and new media business. The second is the main business of printing and copying. Focus on promoting the transformation, promotion and application of printing reproduction and new media technology, mainly engaged in books and periodicals printing, commercial printing, color box packaging, high-tech color printing, digital printing, CD reproduction and other businesses. Third, high-tech R&D and achievement transformation. Focus on the development of high-tech applications such as R&D and electronic information engineering, mainly engaged in the promotion of electronic information products such as R&D, information dissemination technology and information control technology.

On June 5438+065438+1October 18, 2008, the establishment and listing meeting of Time Publishing Media Co., Ltd. was held in Hefei. Leaders from Publicity Department of the Communist Party of China, the General Administration of Press and Publication, the Anhui Provincial Party Committee and the provincial government came to congratulate and guide, and hundreds of media widely reported that it was "the only listed cultural enterprise in China in 2008" and "a new breakthrough and bright spot in the cultural industry in the capital market".

Times Publishing Media Co., Ltd. will strictly follow the principles of adhering to the correct orientation and following the rules of the capital market, pay attention to the combination of long-term strategic investment and current commercial operation, and combine effective industrial expansion with the promotion of core competitiveness, and strive to create business sectors such as cultural content commercial operation, cultural industry expansion, cultural investment and financing platform, and strive to find projects with good input-output ratio of economic benefits and social benefits, and strive to find new and leap-forward economic growth points. Accelerate the expansion to cross-media, cross-regional and cross-industry directions, and strive to build a large-scale modern cultural media group with international orientation, outstanding brand, strong strength and wide influence.