Cultural Investment Holdings increased its capital by 500 million yuan and added to Yaolai Studios to expand the scale of its film and television business

Regarding the purpose of capital increase, Cultural Investment Holdings stated that the amount of this increase in investment will be used to supplement the working capital, investment in films and other projects of Beijing Yaolai International Studios Management Co., Ltd. and its subsidiaries.

Original title: Cultural Investment Holdings announced its capital increase in Yaolai's "Jackie Chan Film" and received another 500 million yuan in capital.

Cultural Investment Holdings Co., Ltd.(hereinafter referred to as "Cultural Investment Holdings") announced on the 14th that it will add its wholly-owned subsidiary company-Beijing Yaolai International Studios Management Co., Ltd. has invested 500 million yuan to expand the scale of film-related work. Judging from the relationship between Yao Lai and Jackie Chan, this money will also be used more for Jackie Chan's film business.

Cultural Investment Holdings issued an announcement showing that in order to expand the scale of the company's film and television investment, production and distribution-related businesses, Jiangsu Yaolai Studios Management Co., Ltd., a wholly-owned subsidiary of Cultural Investment Holdings, and Beijing Yaolai Tenglong International Studios Management Co., Ltd., a wholly-owned subsidiary, plan to increase investment in Beijing Yaolai International Studios Management Co., Ltd., a wholly-owned subsidiary, with a planned increase of RMB 500 million.

Regarding the purpose of capital increase, Cultural Investment Holdings stated that the amount of this increase in investment will be used to supplement the working capital, investment in films and other projects of Beijing Yaolai International Studios Management Co., Ltd. and its subsidiaries. This increase in investment matters will help expand the scale and competitiveness of the company's main business, expand the scale of the company's film and television investment, production and distribution-related businesses, and enhance the competitiveness of the company's main business.

According to reports, Beijing Yaolai International Studios Management Co., Ltd. was jointly built by Beijing Yaolai Investment Group Co., Ltd. and Jackie Chan. Judging from the three Jackie Chan films released last year,"Railway Flying Tiger" and "Kung Fu Yoga" were both starred by Jackie Chan and produced by Yao Lai. Although "Escape from the Jedi" is a co-production between China and India, Yao Lai also participated in the investment. Therefore, from the perspective of the industry, Jackie Chan and Yao Lai are basically tied together. Yao Lai executives have also said that in the future, all Jackie Chan films will be sponsored and controlled by Yao Lai Films and Television.

Judging from the film projects that have been announced so far, the 3D magic movie "Travels of China: The Mystery of the Iron Mask Man" starring Jackie Chan, Schwarzenegger, Jason Stenson and other Hollywood stars has been completed; another movie Jackie Chan collaborated with Sony, and Yao Lai also participated in,"Five People Taking a Bullet" is about to launch. Judging from Yaolai's plans, Jackie Chan will also launch two to three new works in the next year. However, the fate of the three films last year was different. For example,"Railway Flying Tiger" Yaolai signed a guaranteed release with Beijing Microfilm Times Technology Co., Ltd. Since the box office of the film ended up being less than 700 million yuan, the latter could only be charged 300 million yuan as per the contract. In addition, no other box office revenue will be earned. Yaolai's own release of "Kung Fu Yoga" achieved a box office score of 1.7 billion yuan during the Spring Festival.

In addition, Yao Lai also participated in Feng Xiaogang's new film "Fanghua" and Ding Sheng's new film "The True Character of a Hero". However, for other participating projects, it is understood that Yaolai strictly follows the principle of controlling the proportion between 10% and 20%.

Editor: Nancy