Baosheng Media Director Named In ~$6.6M Lawsuit By Institutional Investors Alleging Corporate Mismanagement

On June 3, 2025, a director of Baosheng Media Group Holdings Limited (the "Company") was served with a complaint filed by three institutional investors (the "Plaintiffs") in the Beijing Fourth Intermediate People's Court. The Plaintiffs allege that five defendants, including the director, engaged in corporate mismanagement that caused a significant decline in the value of the Company's stock held by the Plaintiffs, resulting in substantial investment losses. The Plaintiffs are seeking damages of RMB 47,249,848 (approximately US$6.59 million). The five defendants have retained legal counsel to file their defense.