Baosheng Media Enters $665,600 PIPE Transaction with Principal Shareholder

Baosheng Media Group Holdings Limited has entered into a subscription agreement with ANRUITAI INVESTMENT LIMITED, its original principal shareholder. The agreement involves the issuance and sale of 1,280,000 ordinary shares at $0.52 per share, totaling an aggregate purchase price of $665,600. Upon the closing of this PIPE transaction, ANRUITAI INVESTMENT LIMITED will once again become the principal shareholder of the company, with a total of 33,114,487 ordinary shares issued and outstanding.