Time Publishing and Media Co.

On September 18, 2008, approved by the China Securities Regulatory Commission, Anhui Publishing Group subscribed for the newly issued shares of HKUST with its cultural and media assets such as publishing and printing, and became the largest shareholder of listed companies. It is the first to be listed as a whole in the publishing business. The listed company changed its name to “Time Publishing Media Co., Ltd.” (stock code 600551, hereinafter referred to as “Time Publishing”), and became a cultural media listed company with the highest return on net assets, great growth potential and investment value.Time Publishing currently has 23 wholly-owned or holding subsidiaries (including 9 publishers), mainly engaged in books, periodicals, print reproduction, new media, media technology research and development, equity investment and other services. In 2012, Beijing Times China Papers Bureau was established in Beijing. In March 2013, the former State Administration of Press, Publication, Radio, Film and Television awarded the publishing qualification. Time Publishing became the first enterprise in the country to have the qualification for publishing in different places. In 2013, Time International Publishing Media (Shanghai) Co., Ltd. was established in Shanghai Waigaoqiao Free Trade Zone, which is the first publishing company in the Shanghai Free Trade Zone.