Wanjia Culture responded to regulatory inquiries and denied that Zhao Wei's entry was related to the "Ali Group"

Wanjia Culture issued an announcement on the evening of the 11th in response to the query of "Ali system" that this share acquisition is not related to "Ali" enterprises or individuals, and so far there are no follow-up asset injection plans or arrangements with "Ali" related enterprises.

strong > denies any connection with Ali / strong >

on December 16, 2016, Wanjia Culture announced that Wanhao Wanjia Group Co., Ltd., the largest shareholder of the company, transferred its 185 million shares to Xizang Longwei Culture and Media Co., Ltd., accounting for 29.135% of the total shares of the company, and the transfer price was 3.0599 billion yuan. And 95% of Longwei Culture belongs to Zhao Wei, so Zhao Wei becomes the actual controller of Wanjia Culture.

for a time, an actor "bought" an A-share company for 3 billion yuan and alarmed the Shanghai Stock Exchange. On the evening of December 29, the Shanghai Stock Exchange issued an inquiry letter asking for a clear indication of the source of funds.

on the evening of January 11, Wanjia Culture responded that the capital required for this acquisition was 3.0599 billion yuan, all self-financed. Among them, the borrowing of shareholders' own funds is 60 million yuan, and the cost of capital such as interest is not charged. 1.5 billion yuan comes from Xizang Yinbixin Asset Management Co., Ltd. (hereinafter referred to as "Yinbixin"). Zhao Wei takes her personal credit as a guarantee, and the repayment period is 3 years from the date of obtaining the last loan of Yinbixin, which can be extended with the consent of Yinbixin. The borrowing rate is 10% on an annualized basis. The loan is owned by Yinbixin and does not involve the asset management plan. Another 1.5 billion yuan will be obtained through equity financing to pledge Wanjia Culture to financial institutions, which is currently in the approval process of financial institutions, with an estimated annual interest rate of about 6 per cent. The source of self-raised funds is legal, and there is no case that it comes directly or indirectly from the listed company and its related parties (except the information disclosure obligor and its related parties), and there is no case of obtaining funds through asset exchange or other transactions with the listed company.

the announcement disclosed that Longwei Media paid the share transfer price to Wanjia Group in four installments, which were 250 million yuan, 1.2 billion yuan, 1.2 billion yuan and 409.9 million yuan respectively. Long Wei Media in the third transfer price payment, all the underlying shares of 185 million shares should be pledged to Wanjia Group.

in response to media reports that this transaction may be closely related to the "Ali system", the company responded that the share acquisition is not related to the "Ali" enterprises or individuals, and so far there are no follow-up asset injection plans or arrangements with the "Ali" related enterprises.

strong > Xiao Swallow's wealth "exposure" / strong >

proves that Zhao Wei has strong financial strength and good financial situation, and the announcement also reveals the financial situation of Zhao Wei, the actual controller of Longwei Media, in the past three years.

according to the announcement, Zhao Wei, the actual controller of Longwei Media, and her spouse Huang Youlong invested equity in a number of listed companies, such as Baby Holdings, Shunlong Holdings, Ali Pictures, Yunfeng Finance, Tangde Film and Television, and so on. As of December 31, 2016, the market value of the above stocks is about 4.522 billion yuan. According to preliminary statistics, Ms. Zhao Wei and her spouse Mr. Huang Youlong also hold real estate worth about 666 million yuan, and other equity investments worth about 318 million yuan. Zhao Wei and her spouse Huang Youlong are also engaged in film and television, wine trade, 4S stores and other businesses, with total assets of about 157 million yuan as of November 30, 2016. The total value of the above-mentioned related assets is about 5.663 billion yuan, and the cash flow recovered from the investment in 2016 is about 1.256 billion Hong Kong dollars.

in addition, as to whether long Wei Media was set up for acquisition, the company said that Ms. Zhao Wei has participated in investing in many film and television projects in recent years through equity transfer and new investment. Long Wei Media is the main body set up by Ms. Zhao Wei for other follow-up investment projects, not for the purpose of this acquisition.

in addition, in the latest equity change report, Longwei Media has revised the arrangements of listed companies in the coming year. Long Wei Media said that there are no plans to adjust the main business of listed companies within 12 months after the completion of this equity change, and there are no restructuring plans for the assets and business of listed companies or their subsidiaries to sell, merge, or joint ventures with others during the same period.

strong > Yien is collated and released according to the relevant reports and public information of Chinanews.com and Shanghai Securities News. / strong >

Edit: nancy