Bona Film completes its privatization and will return to A shares, aiming at 6 billion yuan in box office in 2016

In the future, Bona Film Group will take advantage of the opportunity of the capital market to return to A-shares to create new glory with the development of China's film industry!

On April 8, Bona Film Group officially announced the completion of the privatization transaction and also announced the suspension of trading of its ADS on the Nasdaq Stock Exchange. According to the terms of the agreement, the buyer consortium represented by Mr. Yu Dong, founder and chairman of Bona Film Group, will acquire the company at a price of US$27.4 per common share or ADRs (every 2 ADRs equals 1 common share) at a price of US$13.7 per share.

Mr. Yu Dong, founder, CEO and Chairman of the Board of Directors of Bona Film Group, and his holding companies, Alibaba Pictures, Tencent, CITIC Securities Jinshi Fund, Safre Capital, Sequoia Capital, and Fosun Group will become Bona Film Group. The main shareholder after privatization.

Yu Dong, Chairman and CEO of Bona Film Group, said: "Bona Film Group has officially completed its privatization. This is an important moment. Bona already has sufficient financial foundation and corporate governance, and a flexible capital environment will give us greater room to deploy and advance the company's strategy faster. Bona Films is one of the leading film and television groups in China and has achieved remarkable results in both China and the global film market. In promoting the development of China's film and television industry, Bona Films shares the same mission and vision as all investors, and hopes to work together to create a platform-based film and television ecosystem covering the entire industry chain."

About Bona Film Group:

Bona Film Group is the first film and television group in China to land on NASDAQ in the United States. It is the only film and television content production company in China with a full industry chain layout and strong distribution capabilities. The business segment mainly includes film and television production, film and television distribution, cinema investment, cinema management, advertising marketing, artist brokerage, etc.

In the five years since its launch, Bona Films has produced a total of 64 films mainly invested in its own intellectual property rights, with a cumulative box office of RMB 13 billion. Today, Bona Film Group maintains a stable performance of producing 15 films every year, firmly ranking first in the industry's films produced. Products produced by Bona must be high-quality products. On the premise of stabilizing film production, the company also values the quality of films. Many of Bona's films have dazzled in domestic and foreign awards, and the films have achieved a win-win situation between reputation and box office.

Bona Film Group is committed to the integration and expansion of the entire film industry chain. In recent years, it has invested in filming "Taking Tiger Mountain 3D","The Master","Dragon Gate Flying Armor","Sister Peach","Guild War","Anti-Drugs","Macau" series,"Eretapping" series,"October Besieged","Burning Sun","Assassination","I am a passerby","Battle of the Brides","Kill the Wolf 2","Violent Words" and other types of films. It is a flagship enterprise in the field of film investment and production in China.

In March 2015, Bona Film Group teamed up with Hollywood studio8 and Sony Colombia Pictures to invest in and participate in the production of director Ang Lee's new film "Billy Lynn's Long Intermission." This film will be released simultaneously globally in November this year.

In November 2015, Bona Film Group teamed up with TSG Entertainment of the United States to invest in 6 mainstream commercial blockbusters including "The Rescue of Mars","X-Men: Apocalypse","Rise of the Planet of the Apes: The Ultimate Battle","Independence Day 2", and "Strange House Girl", etc., and participated in the global division with a high proportion, officially entered Hollywood's core production and integrated into the global industrial chain.

Bona Film Distribution Company, a subsidiary of Bona Film Group, has film marketing and distribution as its core competitiveness. In the past 16 years, it has released more than 280 Chinese and foreign films and won more than 400 important domestic and foreign film awards. The cumulative box office in mainland China exceeded 16 billion yuan, and the cumulative overseas box office revenue reached US$250 million. In 2015, Bona produced and distributed 16 films, with a total box office of 3.2 billion yuan throughout the year. Bona's market share is an average of 8%-12% per year. It is expected that in 2016, Bona will achieve its box office goal of 6 billion yuan.

So far, Bona has officially operated 39 theaters with a total of 310 screens, including 14 China giant screens and 4 IMAX giant screens, covering 23 key provinces and cities such as North, Shanghai, Guangzhou, Shenzhen, Northeast China, Sichuan, Hunan, and Hubei. In the next five years, the number of theaters operated by Bona will be increased to 100 across the country, with a total of more than 800 screens. Box office revenue in 2016 is expected to exceed RMB 1 billion for the first time.

As a high-end content provider in China's film and television industry with strong distribution capabilities, Bona Film Group, Alibaba Pictures and Tencent are highly complementary in business. With the help of capital giants such as Fosun International, Sequoia Capital, and Safran, Bona Film Group will continue to be based in China, graft domestic and international resources, create a film and television ecosystem for the entire industry chain, and create a world-renowned film boutique brand.

Editor: yvonne