LeTV's subsidiary and Leyang Film and Television form a horizontal competition. The Shenzhen Stock Exchange requires timely rectification

the Shenzhen Stock Exchange requires Jia Yueting and Gan Wei to rectify and reform in a timely manner, put forward measures to solve inter-industry competition as soon as possible, fulfill their information disclosure obligations, and put an end to the recurrence of the above problems.

original title: Leyang Film and TV Competition Jia Yueting and his wife were asked to rectify

on February 24, the Shenzhen Stock Exchange issued a regulatory letter to Jia Yueting, the actual controller of Letv, and his spouse Gan Wei, saying that they had followed until February 23. "Gan Wei (Jia Yueting's wife), founder of Leyang Film and Television, announced that she had successfully completed the A round of financing. The company is valued at 1.2 billion "news."

the Shenzhen Stock Exchange pointed out that the main business of Leyang Film and Television actually controlled by Jia Yueting's wife Gan Wei is the production and distribution of online TV dramas, which is the same or similar to that of Letv net Company Hua er Film and Television, so it forms an industry competition with listed companies.

the Shenzhen Stock Exchange requires Jia Yueting and Gan Wei to rectify and reform in a timely manner, put forward measures to solve inter-industry competition as soon as possible, fulfill the obligation of information disclosure, and put an end to the recurrence of the above problems.

it is reported that Hua'er Film and Television is currently a wholly owned subsidiary of Leeco, which was acquired by Leeco for 900 million yuan in January 2014.

Letv previously replied to the Shenzhen Stock Exchange that Leyang Film and Television (formerly known as Leheng Star Film and Television Media Co., Ltd.) was established in June 2015 and changed its name to Leyang in September 2015. at that time, its shareholder structure was Ren Yong's 56% stake, Ganwei's 16% stake, and Weixing's 28% stake.

Gan Wei was transferred to Ren Yong, the former controlling shareholder of Leyang Film and Television, in December 2016. after the change, Gan Wei held a total of 86%, becoming the actual controller of Leyang. After Leyang's capital increase in February 2017, Gan Wei held a total of 92.07% of Leyang Film and Television shares.

according to Gan Wei, at the beginning of 2016, many investment institutions expressed their desire to buy shares, but they all refused. According to the company's current profits, the valuation of 10-1.5 billion yuan is a reasonable range, so CDH Investments, Lemeng Pictures and Le Blossom Fund were introduced at the right time, she said.

Gan Wei also announced recently that Leyang Film and Television will achieve full shareholding, giving employees generous returns to the maximum extent. However, with the release of the regulatory letter from the Shenzhen Stock Exchange, the future development of Leyang Film and Television is likely to be affected.

up to now, Leyang Film and Television has launched two types of web ensemble programs, "Cui Shen arrives" and "Grandma says", and has completed the production of the TV series "Xuanyuan Jian Han Yun" and the online drama "Dear Archimedes".

according to public information, Gan Wei was born in Chongqing in May 1984 and made her debut in the show business for her role in the TV series "appointment".

on December 10, 2014, Gan Wei gave birth to twin daughters for Jia Yueting. At the first birthday party of the two daughters a year later, Ganwei's best friends Li Xiaolu, Qin Lan, Ying Caier and Huo Siyan also showed up one after another to wish them well.

Edit: nancy