Baosheng Media sells RMB226M receivables for RMB8.6M

BAOS’s subsidiaries agreed to sell long‑aged receivables with a RMB226.2 million book value for RMB8.6 million in cash, payable in two installments.

Rhea-AI Filing Summary

Baosheng Media Group Holdings Ltd (BAOS) disclosed that its subsidiaries entered into a Debt Asset Transaction Agreement on September 14, 2026 to sell certain long‑aged accounts receivable and one prepaid account (the "Assets") through a public listing process to Guangzhou Nengren Advertising Co., Ltd.

The Assets had an aggregate book balance of RMB226,226,470.55 (approximately US$33.41 million) as of April 30, 2026 and were appraised at RMB8,561,500 (approximately US$1.26 million), which is also the agreed purchase price. The Purchaser has already deposited RMB2,562,000, credited toward the first installment of RMB4,280,750, with the remaining RMB1,718,750 of that installment due within five business days after execution and the final RMB4,280,750 due within one month. Ownership of the Assets will transfer once the purchase price is paid in full, and the Assets are being transferred on an “as‑is” basis, with the Purchaser assuming specified collection and enforcement risks.

Positive

• Transaction converts difficult-to-collect receivables into RMB8,561,500 of cash proceeds, with 50% payable within five business days and the balance within one month.
• The sale shifts future collection and enforcement risks on these long-aged receivables from the BAOS subsidiaries to the purchaser.

Negative

• The Assets carry a book balance of RMB226,226,470.55 but are being sold for RMB8,561,500, implying realization of only a small fraction of their recorded amount.
• The Assets are transferred on an “as‑is” basis, underscoring their risk profile and potentially reflecting low recoverability of these receivables.

Key Figures

Book balance of Assets: RMB226,226,470.55 Appraised value / purchase price: RMB8,561,500 First installment of purchase price: RMB4,280,750 +3 more

6 metrics

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

Appraised value / purchase price RMB8,561,500 Aggregate appraised value and agreed consideration for the Assets as of April 30, 2026

First installment of purchase price RMB4,280,750 50% of total consideration payable as first installment

Deposit already paid RMB2,562,000 Amount deposited with the Beijing Equity Exchange and credited toward the first installment

Remaining first installment RMB1,718,750 Balance of first installment due within five business days after Agreement execution

Second installment RMB4,280,750 Remaining 50% of purchase price payable within one month after Agreement execution

Key Terms

Debt Asset Transaction Agreement, long-aged accounts receivable, public listing process, as-is basis, +1 more

5 terms

Debt Asset Transaction Agreement financial

"the Transferors entered into a Debt Asset Transaction Agreement"

long-aged accounts receivable financial

"listed on the Beijing Equity Exchange certain long-aged accounts receivable"

public listing process financial

"for proposed transfer through a public listing process"

as-is basis financial

"The Assets are being transferred on an “as-is” basis"

collection and enforcement risks financial

"the Purchaser assuming the collection and enforcement risks specified"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did BAOS announce in this September 2026 Form 6-K?

Baosheng Media Group Holdings Ltd reported that four subsidiaries entered into a Debt Asset Transaction Agreement to sell certain long-aged accounts receivable and one prepaid account to Guangzhou Nengren Advertising Co., Ltd. for RMB8,561,500 in cash, following a public listing process.

What is the book value of the receivables BAOS is selling?

As of April 30, 2026, the Assets being sold by BAOS subsidiaries had an aggregate book balance of RMB226,226,470.55 (approximately US$33.41 million), compared with the agreed cash consideration of RMB8,561,500.

How much will BAOS subsidiaries receive from the Debt Asset Transaction Agreement?

The BAOS subsidiaries agreed to receive total consideration of RMB8,561,500 (approximately US$1.26 million). RMB4,280,750 is payable as a first installment and RMB4,280,750 as a second installment within one month of executing the Agreement.

What payment schedule applies to the purchaser in the BAOS receivables sale?

The purchaser has deposited RMB2,562,000, credited toward the first installment of RMB4,280,750. The remaining RMB1,718,750 of that installment is due within five business days after execution, and the final RMB4,280,750 is due within one month.

When does ownership of the Assets transfer in the BAOS transaction?

Ownership of the Assets will transfer to Guangzhou Nengren Advertising Co., Ltd. only upon payment in full of the RMB8,561,500 purchase price under the Debt Asset Transaction Agreement.

Who bears the collection risk for the receivables sold by BAOS?

Under the Agreement, the Assets are transferred on an “as‑is” basis, and the purchaser assumes the specified collection and enforcement risks associated with the long‑aged accounts receivable and prepaid account.

Is this BAOS 6-K incorporated into any existing registration statements?

Yes. The report is incorporated by reference into BAOS’s registration statements on Form F‑3 (File Nos. 333‑273720, 333‑298730, 333‑298829) and Form S‑8 (File No. 333‑296887), to the extent not superseded by later filings.

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Available on EDGAR 09/18/2026 - 05:00 PM Accepted by SEC EDGAR 09/18/2026 - 05:00 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 September 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 ¨

Entry Into Debt Asset Transaction Agreement

As previously disclosed in the report on Form 6-K filed on August 25, 2026, 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. 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.

On September 14, 2026, the Transferors entered into a Debt Asset Transaction Agreement (the "Agreement") with Guangzhou Nengren Advertising Co., Ltd. (the "Purchaser"). The Purchaser was the only qualified prospective purchaser identified through the public listing process, and , and the parties entered into the Agreement on a negotiated basis.

Pursuant to the Agreement, the Transferors agreed to transfert the Assets to the Purchaser, for aggregate consideration of RMB8,561,500. The Purchaser has deposited RMB2,562,000 with the Beijing Equity Exchange, which was credited toward the first installment of the purchase price. The first installment equals 50% of the purchase price, or RMB4,280,750. Within five business days following execution of the Agreement, the Purchaser must pay the remaining RMB1,718,750 of the first installment to the settlement account designated by the Beijing Equity Exchange. The remaining 50% of the purchase price, or RMB4,280,750, is payable within one month following execution of the Agreement to the account designated by the Transferors. Ownership of the Assets will transfer to the Purchaser upon payment in full of the purchase price. The Assets are being transferred on an “as-is” basis, subject to the representations and other terms set forth in the Agreement, with the Purchaser assuming the collection and enforcement risks specified therein.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, an English translation of which is filed as Exhibit 10.1 to this report and incorporated herein by reference.

Incorporation by Reference

This report shall be deemed to be incorporated by reference into the registration statements on Form F-3 (File Nos. 333-273720, 333-298730 and 333-298829) 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 by the Company.

EXHIBIT INDEX

Exhibit No.		Description
10.1		English translation of the Debt Asset Transaction Agreement, dated September 14, 2026, by and among Beijing Baosheng Technology Co., Ltd., Baosheng Technology (Horgos) Co., Ltd., Horgos Baosheng Advertising Co., Ltd., Beijing Baosheng Network Technology Co., Ltd., and Guangzhou Nengren Advertising Co., Ltd.

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:	September 18, 2026

Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 108.4 KB