Wanda Theater's box office revenue in October was 560 million yuan, a year-on-year increase of 41%

Wanda Cinema Line disclosed its October operating briefing on the evening of November 4. In October 2015, the company achieved box office revenue of 560 million yuan, a year-on-year increase of 41.0%, and 14.618 million movie-watching visitors, a year-on-year increase of 51.9%. As of October 31, 2015, the company has 210 opened theaters with 1873 screens.

Wanda Cinema Line disclosed its October operating briefing on the evening of November 4. In October 2015, the company achieved box office revenue of 560 million yuan, a year-on-year increase of 41.0%, and 14.618 million movie-watching visitors, a year-on-year increase of 51.9%. As of October 31, 2015, the company has 210 opened theaters with 1873 screens.

From January to October 2015, the company's cumulative box office revenue was 5.04 billion yuan, a year-on-year increase of 43.8%, and the number of movie visitors was 121.298 million, a year-on-year increase of 43.8%.

In addition, Wanda Cinema Line also announced that on November 4, 2015, the company received the "Reply from the China Securities Regulatory Commission on Approving Wanda Cinema Line Co., Ltd. to Issue Shares to Zhang Long and Others to Purchase Assets and Raise Supporting Funds"(Zheng Zheng Jian License [2015] No. 2438).

According to the reply, the China Securities Regulatory Commission approved Wanda Cinema to issue 4,010,534 shares to Zhang Long, 501,317 shares to Wang Yuxin, 501,317 shares to Ma Dapeng, 659,441 shares to Pang Yufeng, and 6,753,106 shares to Shimao Cinema Investment and Development Co., Ltd. to purchase related assets.

At the same time, Wanda Cinema was approved to issue no more than 14,721,772 new shares in the non-public offering to raise matching funds for the purchase of assets by this issue of shares. The above approval is valid for 12 months from the date of approval.

Wanda Cinema stated that the company's equity distribution plan for the semi-annual 2015 is based on 560 million shares, using capital reserve fund to increase 10 shares for every 10 shares to all shareholders, and will be implemented on September 28, 2015. The purchase of assets and the raising of supporting funds by this issue of shares will be adjusted accordingly according to the company's plan to convert capital reserve into share capital.

[Original Announcement]

Wanda Cinema: October 2015 Business Briefing

Editor: vian