Great Wall Animation has significantly adjusted its fixed increase plan, and only a fraction of the funds to be raised is left

Great Wall Animation (000835) has significantly adjusted its non-public offering plan. Not only has the number of shares issued been reduced from no more than 380463457 shares to no more than 21390374 shares, the amount of funds to be raised has been reduced from no more than 2.1344 billion yuan to no more than 120 million yuan. The proposed issuance target has been adjusted from the original 10 specific investors to the company's controlling shareholder Great Wall Group.

Great Wall Animation (000835) has significantly adjusted its non-public offering plan. Not only has the number of shares issued been reduced from no more than 380463457 shares to no more than 21390374 shares, the amount of funds to be raised has been reduced from no more than 2.1344 billion yuan to no more than 120 million yuan, and the proposed issuance targets are the original Great Wall Film and Television Culture Enterprise Group Co., Ltd., Zhejiang Furun Co., Ltd., Xiangsheng Industrial Group Co., Ltd., Xinhu Zhongbao Co., Ltd., Taizilong Holding Group Co., Ltd., Zhejiang Shangfeng Holding Group Co., Ltd., Chongqing Radio and Television Group (Main Station), Tianjin Yinuo Investment Center (Limited Partnership), Chuzhou New Great Wall Equity Investment Fund Management Center (Limited Partnership), Chuzhou Huarui Investment Management Center (Limited Partnership), a total of ten specific investors, adjusted to the company's controlling shareholder, Great Wall Group.

According to the adjusted non-public offering plan disclosed by Great Wall Animation on the evening of the 7th, the company plans to non-public issue of no more than 21390374 shares to the controlling shareholder Great Wall Group at an issue price of no less than 5.61 yuan/share, and the total amount of funds raised will not exceed 120 million yuan., will be used to supplement the company's working capital. Great Wall Group will subscribe for the shares in this non-public offering in cash, and the shares it subscribes may not be transferred within 36 months from the date of listing.

At present, Great Wall Group and its concerted action person Zhao Ruiyong control a total of 43377516 shares of Great Wall Animation, accounting for 14.20% of the company's total shares. After this non-public offering, Great Wall Group and its concerted action person Zhao Ruiyong will control a total of 64767890 shares of Great Wall Animation, accounting for 19.82% of the company's total shares after this issuance.

In the first half of this year, Great Wall Animation has completed the mergers and acquisitions of seven companies through major asset restructuring, and gradually transformed into a large-scale cultural enterprise covering animation and game businesses such as animation design, production, animation games, creative tourism and toy sales. The company's net profit for the first three quarters of this year was 9.1555 million yuan. Great Wall Animation stated that the purpose of this non-public offering is to further enhance its capital strength, seize the good opportunities for the development of the cultural industry, expand and strengthen the company's animation and game industry as soon as possible, and enhance the company's continued profitability.

[Original Announcement]

Great Wall Animation: Announcement on the Revision of the Non-public Offering Plan

Great Wall Animation: Announcement on the Supplementary Agreement and Termination Agreement to Sign a Conditional Share Subscription Agreement with Specific Objects Great

Wall Animation: Non-public Offering Plan (Three revisions)

Great Wall Animation: Feasibility Analysis Report on the Use of Funds Raised from Non-public Offering of A-Shares (Revised Draft)

Editor: vian