Tang De Film and Television raised 650 million yuan in "blood transfusion" film and television industry to invest in 5 films and 12 TV series

Tang De Film and Television released a non-public distribution plan on the 31st. The company plans to issue no more than 8.9797 million shares to a total of five investors in the company at a price of 72.36 yuan/share, and raise no more than 650 million yuan. After deducting the issuance expenses, all of them will be used to supplement the working capital of the film and television drama business.

Tang De Film and Television released a non-public distribution plan on the 31st. The company plans to issue no more than 8.9797 million shares in a non-public offering to five investors, including the company's controlling shareholder and actual controller Wu Hongliang, Lin Haiyin, Ma Bin, Changjiang Asset Management andSuning Culture, at a price of72.36 yuan/share, and raise no more than 650 million yuan, all of which will be used to supplement the working capital of the film and television drama business after deducting the issuance expenses.

According to the plan, Wu Hongliang plans to subscribe for 3.54 million shares this time, with a subscription amount of approximately 256 million yuan; Changjiang Asset Management plans to participate in this fixed increase through Changjiang Asset Management Tangde Film and Television No. 1 to No. 13 established and managed by it, and 13 targeted asset management plans. Among the clients, Wang Daqing is the company's deputy general manager, Zheng Minpeng is the company's director, deputy general manager and chief financial officer, Yu Hui is the company's employee representative supervisor, and constitutes a related party of the company. This time, it plans to subscribe for a total of 2.3097 million shares, with a subscription amount of approximately 167 million yuan. In addition, natural persons Lin Haiyin and Ma Bin have no affiliation with the company and plan to subscribe for 1.38 million shares and 1.05 million shares respectively; Suning Culture, owned by Zhang Jindong, the actual controller of Suning Yunshang, plans to subscribe for 700,000 shares.

Tangde Film and Television plans to invest in TV series and film projects with a total investment budget of 1.12 billion yuan, and plans to use 650 million yuan of funds raised from this non-public offering. It is planned to invest in five films: "Wild Goose","Flying Tigers","Island Bookstore","1986 Gold Rush", and "Road to Life". The main implementation entities of the company's proposed film projects are Tangde Film and Television, Tangde Media, Tangde Film, Chengyu Media. In addition, there are 12 TV series such as "Run Hani".

Tangde Film and Television is mainly engaged in TV drama and film investment, production, distribution and derivative business, as well as film and television advertising production and related services. This fund-raising project is an important step in the company's strategic development plan. The implementation of this non-public offering will help the company seize the favorable opportunities for the prosperity and development of the film and television drama industry. While increasing future resource guarantees and investment in industrial development, it will optimize the company's financing structure, enhance the company's profitability, and further enhance the company's core competitiveness. After the completion of this issuance, the company's net assets will increase significantly, its capital strength will be effectively enhanced, and the asset-liability ratio and the proportion of interest-bearing liabilities to total assets will decrease, which will help optimize the company's financing structure, alleviate financing pressure, and improve Financial anti-risk capabilities.

The company stated that after the funds raised are in place, the company will produce more high-quality film and television dramas while expanding the scale of the industry, further enhance brand influence and resource integration capabilities, and enhance core competitiveness. The implementation of this fundraising project will help the company seize the opportunity of rapid growth in the film and television drama industry, expand the output of film and television drama works, improve its business layout, and enhance profitability.

[Original Announcement]

Tang De Film and Television: Plan for Non-public Issuance of A Shares

Tang De Film and Television: Announcement on Related Party Transactions Involving Non-public Issuance

Tang De Film and Television: Feasibility Analysis Report on the Use of Funds Raised from Non-public Issuance

Tang De Film and Television: Non-Public Issuance Proposal Demonstration and Analysis Report

Tang De Film and Television: Report on the Use of Previously Raised Funds

Editor: vian