Baosheng Media (BAOS) lists RMB226M in old receivables below book value

Rhea-AI Filing Summary

Baosheng Media Group Holdings Limited (BAOS) reports that four subsidiaries have publicly listed certain long-aged accounts receivable and one prepaid account on the Beijing Equity Exchange for a potential transfer through a public listing process. As of April 30, 2026, these Assets had an aggregate book balance of RMB226,226,470.55 (approximately US$33.41 million). An independent appraisal firm valued the Assets at an aggregate RMB8,561,500 (approximately US$1.26 million), and the initial transfer floors across the listings total RMB8,561,200.

Each listing runs for an initial five business days starting August 21, 2026 and may be extended in five-business-day increments if no qualified purchaser appears. If a transfer occurs, 50% of the purchase price would be payable within five business days after signing the asset transfer agreement and the remaining 50% within one month. No purchaser has been selected, and any transfer remains subject to completion of the listing and purchaser-selection procedures, execution of definitive documentation, payment, and settlement, with no assurance that any transfer will close or that pricing will meet the initial floors.

Filing Explained

For the proposed transfer, the buyer-selection path depends on bidder count: one qualified bidder permits negotiated transfer, while two or more require online competitive bidding.

Key Figures

Aggregate book balance of Assets: RMB226,226,470.55 Appraised aggregate value of Assets: RMB8,561,500 Initial transfer floors total: RMB8,561,200 +5 more

8 metrics

Aggregate book balance of Assets RMB226,226,470.55 Book balance of long-aged accounts receivable and one prepaid account as of April 30, 2026

Appraised aggregate value of Assets RMB8,561,500 Independent appraisal value as of April 30, 2026

Initial transfer floors total RMB8,561,200 Total of initial transfer floor prices in four public listings

Initial listing period 5 business days Initial disclosure period for each public listing, extendable in five-business-day increments

First installment of purchase price 50% Portion of purchase price payable within five business days after signing asset transfer agreement

Second installment of purchase price 50% Remaining portion payable within one month after initial payment

Appraised value (USD equivalent) US$1.26 million Approximate U.S. dollar equivalent of RMB8,561,500 appraised value

Book balance (USD equivalent) US$33.41 million Approximate U.S. dollar equivalent of RMB226,226,470.55 book balance

Key Terms

public listing process, accounts receivable, initial transfer floor, competitive bidding process, +1 more

5 terms

public listing process financial

"for proposed transfer through a public listing process (the "Proposed Asset Transfer")"

accounts receivable financial

"certain long-aged accounts receivable and one prepaid account held by the Transferors"

Money a company is owed by its customers for goods or services already delivered but not yet paid for. Think of it like a stack of IOUs or open tabs: it represents future cash the business expects to collect. Investors watch accounts receivable because large or growing balances can signal strong sales or potential cash shortfalls if customers don’t pay, affecting liquidity, working capital and the company’s financial health.

initial transfer floor financial

"The initial transfer floors disclosed in the four public listings total RMB8,561,200."

competitive bidding process financial

"the purchaser will be selected through an online competitive bidding process."

asset appraisal financial

"an independent asset appraisal firm engaged by one of the Transferors, appraised the Assets"

FAQ

What assets is Baosheng Media Group (BAOS) seeking to transfer in this 6-K?

Baosheng Media Group’s subsidiaries listed long-aged accounts receivable and one prepaid account on the Beijing Equity Exchange. These Assets had an aggregate book balance of RMB226,226,470.55 (approximately US$33.41 million) as of April 30, 2026, for a potential transfer via a public listing process.

What is the appraised value of the receivables Baosheng Media Group (BAOS) plans to transfer?

An independent asset appraisal firm valued the Assets at an aggregate RMB8,561,500 (approximately US$1.26 million) as of April 30, 2026. The initial transfer floors disclosed in the four public listings total RMB8,561,200.

How and when did Baosheng Media Group (BAOS) start the public listing of these Assets?

Beginning on August 21, 2026, four Baosheng subsidiaries publicly listed the Assets on the Beijing Equity Exchange for a proposed transfer. Each listing is initially disclosed for five business days, with possible extensions in further five-business-day periods.

What are the payment terms for any successful transfer of Baosheng Media Group (BAOS) Assets?

The published terms contemplate payment of 50% of the purchase price (including the bidder’s deposit) within five business days after executing the asset transfer agreement, with the remaining 50% payable within one month thereafter, subject to completion of settlement procedures.

Is the transfer of Baosheng Media Group (BAOS) receivables guaranteed to occur and at what price?

No. No purchaser has been selected, and any transfer remains subject to listing and purchaser-selection procedures, definitive documentation, payment, and settlement. The company states there can be no assurance that any transfer will be completed or that the final price will equal or exceed the initial transfer floor.

How will a purchaser be chosen for the Baosheng Media Group (BAOS) Asset transfer?

If only one qualified prospective purchaser is identified, the relevant subsidiary may proceed by negotiated transfer. If two or more qualified prospective purchasers are identified, the purchaser will be selected through an online competitive bidding process on the Beijing Equity Exchange.

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Available on EDGAR 08/25/2026 - 04:30 PM Accepted by SEC EDGAR 08/25/2026 - 04:30 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number 001-39977

Baosheng Media Group Holdings Limited

East Floor 5

Building No. 8, Xishanhui

Shijingshan District, Beijing 100041

People’s Republic of China

+86-010-82088021

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Public Listing of Certain Receivables And Related Assets

Beginning on August 21, 2026, Beijing Baosheng Technology Co., Ltd., Baosheng Technology (Horgos) Co., Ltd., Horgos Baosheng Advertising Co., Ltd. and Beijing Baosheng Network Technology Co., Ltd. (collectively, the "Transferors"), each a subsidiary of Baosheng Media Group Holdings Limited (the "Company"), publicly listed on the Beijing Equity Exchange certain long-aged accounts receivable and one prepaid account held by the Transferors (collectively, the "Assets") for proposed transfer through a public listing process (the "Proposed Asset Transfer").

As of April 30, 2026, the Assets had an aggregate book balance of RMB226,226,470.55 (approximately US$33.41 million). Beijing Guirong Dingsheng Asset Appraisal Firm Co., Ltd., an independent asset appraisal firm engaged by one of the Transferors, appraised the Assets at an aggregate value of RMB8,561,500 (approximately US$1.26 million) as of April 30, 2026. The initial transfer floors disclosed in the four public listings total RMB8,561,200.

Each public listing is initially disclosed for five business days and, if no qualified prospective purchaser is identified, the disclosure period may be extended in successive five-business-day periods. If only one qualified prospective purchaser is identified, the applicable Transferor may proceed by negotiated transfer; if two or more qualified prospective purchasers are identified, the purchaser will be selected through an online competitive bidding process. The published terms contemplate payment of 50% of the applicable purchase price (including the bidder's deposit) within five business days after execution of the applicable asset transfer agreement, with the remaining 50% payable within one month thereafter.

The public listings do not themselves effect a transfer of any Asset, and no purchaser has been selected. Any transfer remains subject to, among other things, completion of the applicable listing and purchaser-selection procedures, execution of definitive asset transfer documentation, payment of the purchase price and completion of the applicable settlement procedures. There can be no assurance that any proposed transfer will be completed or that the final transfer price will equal or exceed the applicable initial transfer floor.

Incorporation by Reference

This reportnshall be deemed to be incorporated by reference into the registration statements on Form F-3 (File No. 333-273720) and Form S-8 (File No. 333-296887) of the Company, as amended, and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Baosheng Media Group Holdings Limited
By:	/s/ Lina Jiang
Name:	Lina Jiang
Title:	Chairwoman of the Board and Chief Executive Officer
Date:	August 25, 2026