Huayi Brothers Holding Subsidiary Approved for Listing on the New Third Board

On the evening of August 31, it was announced that Beijing Huayi Brothers Chuangxing Entertainment Technology Co., Ltd.(referred to as "Huayi Chuangxing"), the company's controlling subsidiary, was approved to be listed in the national share transfer system for small and medium-sized enterprises.

Huayi Brothers introduced that Huayi Chuangxing's main business is multi-screen integrated operations and fan ecosystem operations. Huayi Chuangxing is committed to building an "entertainment +" ecosystem with fan users as the core and content IP-based, providing content products and related services connected to multi-screen terminals, as well as comprehensive online and offline fan economic entertainment services. The registered capital is 70 million yuan and the legal representative is Hu Ming. The company currently holds 37.2 million shares of Huayi Chuangxing, with a shareholding ratio of 53.14%.

Huayi Brothers said that Huayi Chuangxing's shares are listed on the national small and medium-sized enterprise share transfer system, which is conducive to the implementation of the company's strategy of "Internet + Movies + Fans", is conducive to Huayi Chuangxing's business development and content IP circulation, and is conducive to further Improve the capital structure and corporate governance, and promote the standardized development of enterprises. The listing of Huayi Chuangxing shares will have a positive impact on the interests of itself, the company and shareholders.

[Original Announcement]

Huayi Brothers: Announcement on the approval of the company's controlling subsidiary Beijing Huayi Brothers Chuangxing Entertainment Technology Co., Ltd. for listing in the National Small and Medium-sized Enterprise Share Transfer System

Huayi Brothers: Announcement on the company's second phase of short-term financing bonds in 2014 Announcement

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Editor: vian