Chinese films have reached strategic cooperation with China-South Culture, Film Alliance Media, etc. to improve the layout of the film market

at the press conference, Chinese Film and Dalian Huachen signed an equity transfer agreement, which is also the first large-scale merger and acquisition after the listing of Chinese films. This equity transfer will become an important driving force for Chinese films to integrate cinema terminals, further open up the northeast market, and expand the territory of China Film.

in addition, Chinese films have also signed a strategic cooperation agreement with Central and South China Culture, and the two sides will carry out a series of in-depth cooperation in the film field. According to the contents of the agreement, based on good trust and long-term strategic considerations, Chinese film and central and southern culture have decided to join forces to carry out cooperation in the fields of film investment and production, film and television product development, and in the spirit of "mutual benefit, mutual benefit, stability, permanence, high efficiency and high quality", to form a deep strategic partnership. The two sides will jointly incubate and develop film and television IP resources, and strive to achieve win-win cooperation and resource sharing in film and television production, post-film product development, online games, artist training and other fields.

Zhongnan Culture, formerly known as Zhongnan heavy Industry, is also the first listed company in the industrial metal pipe industry in China, which was listed on the Shenzhen Stock Exchange in July 2010. In response to the call of national industrial transformation, Central South heavy Industry began to build a cultural media sector in 2014. In 2014, the company invested 1 billion yuan to acquire Datang brilliance, which produced a large number of popular TV dramas, and strongly opened the road of transformation; in 2015, it completed the acquisition of Qianyi era with front-line artists such as Liu Ye, Wang Luodan, Huang Xuan and Li Xiaoran; docked Hunan TV and jointly set up a cultural fund of 3 billion yuan. In February 2015, Liu Chun, former executive director of Phoenix Satellite TV and chief editor of Sohu, was appointed as the company's chief cultural officer. The establishment of Central South Film, to enter the traditional cinema and new media field of online drama, online film; in 2016, wholly-owned acquisition is still interactive, cut into the field of online game operation; wholly-owned acquisition of Xinhua Pioneer, the company has a large number of high-quality literature IP, to further improve the synergy of film, television, sound and travel companies under Central South Culture.

on May 31st this year, the company's securities acronym officially changed from "Central South heavy Industry" to "Central South Culture". Its main business has changed from a single industrial metal pipe and pressure vessel manufacturing to advanced manufacturing in parallel with the cultural industry, forming an IP realization model with literary IP as the source and the whole industrial chain of film, television, artist brokerage, music, games and derivatives coordinated development.

the signing of a strategic cooperation agreement with Chinese films will play a great positive role in the layout and development of Central and South China culture in film.

the parent company of Chinese Film is China Film Group, which was established in February 1999 and is composed of eight units, including the former China Film Company and Beijing Film Studio. As early as 2004, China Film Group already had a listing plan and wanted to integrate high-quality assets to list in Hong Kong, but had to suspend the listing plan due to relevant policy adjustments. In 2010, China Film Co., Ltd. was established with a registered capital of 1.4 billion yuan, jointly established by China Film Group and seven other strategic investors. On July 8 this year, "Chinese Film" was finally listed on the Shanghai Stock Exchange and raised more than 4 billion yuan, making it the largest initial public offering in China's entertainment industry to date.

La Peikang, chairman of China Film Co., Ltd., said that with this A-share listing, China Film shares will realize a strong combination of state-owned enterprises and the capital market, usher in a new era of state-owned film groups, and strive to launch more film and television masterpieces with both benefits.