Huayi Jiaxin plans to set up a joint venture subsidiary with Shanghai Maorong at a cost of 14 million yuan.

Shanghai Maorong has rich experience in the cultural industry, professional production and operation team, and extensive resources and contacts in the industry. In terms of film and television, the company invested by the team has produced many well-known and fruitful works such as "No War in Peiping", "to Youth", "tiny Times 3", "Nirvana in Fire", "Legend of Miyue" and so on.

original title: Huayi Jiaxin plans to set up Shanghai Jiaxin Film Investment Co., Ltd.

Huayi Jiaxin Film Investment Co., Ltd.

original title: Huayi Jiaxin plans to set up Shanghai Jiaxin Film Investment Co., Ltd.

original title: Huayi Jiaxin plans to set up Shanghai Jiaxin Film Investment Co., Ltd.

original title: Huayi Jiaxin plans to set up Shanghai Jiaxin Film Investment Co., Ltd.

original title: Huayi Jiaxin plans to set up Shanghai Jiaxin Film Investment Co., Ltd.

original title: Huayi Jiaxin To build a global digital marketing and communication group supported by fashion and entertainment socialized content and marketing big data, the company plans to use its own capital of 14 million yuan to set up a joint venture with Shanghai Maorong Investment Management Center (limited partnership) (hereinafter referred to as "Shanghai Maorong") in Minhang District, Shanghai. The registered capital of the joint venture company is 20 million yuan, Huayi Jiaxin holds 70%, Shanghai Maorong holds 30%, and invests in proportion to the shares.

the company has the right to choose whether to acquire the remaining equity held by Shanghai Maorong when the net profit after deduction reaches 70 million yuan in any complete fiscal year after the establishment of the joint venture company.

Shanghai Maorong has rich experience in the cultural industry, has a professional production and operations team, and has extensive resources and contacts in the industry. In terms of film and television, the company invested by the team has produced "No War in Peiping", "to Youth", "tiny Times 3", "Nirvana in Fire", "Legend of Miyue" and other works with good reputation and achievements. Team members have participated in the production and distribution of works such as "the Last Visa", "my Dad is a wonderful work", "Spring", "struggle", "Snow Leopard", "Dad comes Home" and other works. In addition, Shanghai Maorong is also widely involved in some major investment projects in the sports and tourism industries.

this outbound investment does not constitute a related party transaction and does not constitute a major asset reorganization as stipulated in the measures for the Administration of Major Asset reorganization of listed companies.

Edit: xiongwei