MAOYAN ENT (01896) announced that from September 5 to September 9, 2025, Beijing Enlight Media Co.,Ltd. used its own funds to purchase a total of 1.8024 million company shares in the open market at an average price of approximately HK$7.9554 per share. Following this share purchase, Beijing Enlight Media Co.,Ltd. holds interests in a total of 203,777,184 shares, representing approximately 17.53% of the company's total issued share capital as of the date of this announcement. Beijing Enlight Media Co.,Ltd. is approximately 37.4% owned by Enlight Holdings Limited, which is correspondingly 95% owned by Mr. Wang Changtian, the company's major shareholder, chairman and non-executive director. Therefore, under Part XV of the Securities and Futures Ordinance, Mr. Wang Changtian is deemed to have interests in the 203,777,184 shares in which Beijing Enlight Media Co.,Ltd. has interests. Following the share purchase, Mr. Wang Changtian has interests in a total of 481,756,809 shares, representing approximately 41.45% of the company's total issued share capital as of the date of this announcement. It is not ruled out that Beijing Enlight Media Co.,Ltd. may consider continuing to increase its shareholding in the company at appropriate times based on market conditions and applicable regulatory requirements. The Board of Directors believes that this share purchase reflects Mr. Wang Changtian and Beijing Enlight Media Co.,Ltd.'s confidence in the company's business strategy, development prospects and future outlook.