Source: Financial Information
ATFX dynamics: On September 27th, 2022, local time, the Duke of Edinburgh Golf Cup (British Finals), led by the British royal family, officially started. Its main goal is to raise funds through national amateur golf tournament plans around the world to benefit young people and children in need around the world. This tournament is open to golf lovers all over the world, and it is divided into two stages: the preliminaries and the finals. This ATFX will appear in the 2022 British Finals, as well as the 2023 British and Mexican preliminaries, and practice a company’s social responsibility with practical actions. As a caring broker of contracts for differences, ATFX has once again become a sponsor of the event and has met the event for five consecutive years.
▲ATFX for the picture
Different from the usual events, this year’s events not only attracted the attention of many professional golfers, but also attracted many amateurs. As a sponsor of this tournament, ATFX also sent excellent players to participate in the competition, competing on the same stage with golf lovers and accomplished professional players all over the world. It is worth mentioning that in every game, different "dark horses" staged wonderful skill competitions, which also increased the interest of the event and the participation of players.
Not only that, ATFX also prepared a variety of stadium supplies for the contestants. Taking the basic supplies of the competition as an example, it customized and prepared exclusive golf balls, golf club bags, handbags, hats and towels for the contestants. ATFX brand can be seen from the entrance of the stadium to the whole stadium, which not only reflects the organizers’ attention to ATFX, but also is another friendly witness after we met with the Aijue Cup for five years.
▲ATFX for the picture
As a heavy sponsor of the event, Weems Chan, global marketing and brand director of ATFX, Matt Porter, operation director of professional customer service department of ATFX UK institutions, Marc Taylor, senior account manager of professional customer service department of ATFX UK institutions, and other members all appeared on the field to cheer for the next event. Among them, Marc Taylor and Matt Porter also participated in the Aijue Cup as players in this competition, and discussed their skills with golf enthusiasts on the field.
ATFX has been holding hands with Aijue Cup for five years.
Since 2018, ATFX has joined hands with Duke of Edinburgh Cup for five consecutive years to support this particularly "loving" activity with practical actions, which embodies the brand’s corporate social responsibility (CSR) concept of "value growth and giving back to society". As a highly active financial technology broker in the UK, ATFX has not only made great efforts in financial technology, but also actively participated in sports and charity. From 2018 to 2022, ATFX has helped young people all over the world with care and support. It is reported that it has sponsored more than 4,500,000 pounds in cash and helped 10,000 young people live a better life.
▲ATFX for the picture
In the second quarter of 2022, according to the report published by Finance Magnates, the authoritative media in the industry, ATFX ranked sixth in the world with the leading MT4 transaction volume, and the brand development momentum continued in the new quarter, and its own drift team was established in September. All these actions indicate that the brand will enter a period of rapid development. In sports events, the brand still maintains a high degree of enthusiasm. As can be seen from the continuous cooperation with the Aijue Cup, ATFX is highly recognized by its concept of advocating positive and caring for vulnerable groups, and the cooperation between top events and top brands will also form a strong alliance, which will not only promote the process of the final of the British Aijue Cup, but also provide a good platform for ATFX to display.
As an active promoter and practitioner of public welfare undertakings, ATFX has been involved in public welfare undertakings, from caring for the physical and mental health of children, teenagers to the elderly, to caring for students, helping environmental protection and ecological poverty alleviation to public health and safety. The brand’s charitable footprint has spread all over China, Britain, South Korea, Mexico and Southeast Asia and other countries and regions. In the face of social charity, ATFX often conveys the warmth of the enterprise with simple love, and supports charities everywhere with practical actions. An important reason why the Aijue Cup can continue to join hands with us is that we love and love to participate in charity. Similarly, ATFX also loves to cooperate with world-class charities and contribute to charity around the world.
Everyone gathers firewood, and ATFX has been well aware of this point since the brand was founded, so that it has always paid attention to public welfare and practiced it in the process of enterprise development. In the future, ATFX will continue to pay attention to charity, cooperate with charitable foundations in many ways, continuously increase investment in charity, take more social enterprise responsibilities with practical actions, and light up the love lights in more people’s hearts with actions, so that the power of love will become stronger and stronger.
The Spring Festival of the Year of the Dragon is approaching, and the New Year of the League is just around the corner. In order to ensure the food safety of the general public and have a healthy, peaceful and safe festival, on January 19th, Shiyan Market Supervision Bureau reminded the catering service units and consumers to keep in mind the food safety.
Reminder to catering service units
Standardize the processing operation.Operate with a valid Food Business License. Buy ingredients from formal channels to ensure that the ingredients are fresh and traceable. Separate raw and cooked processed foods, and cook them thoroughly to prevent cross-contamination. Do a good job in disinfection and cleaning of tableware and disposal of kitchen waste. It is strictly forbidden to process, sell and sell foods that do not meet the food safety requirements, such as corruption, deterioration and expiration, and shall not be overloaded.
Strict management personnel.Employees should obtain health certificates before taking up their posts, strictly follow the daily morning check-up system, carry out pre-job health check-up and body temperature monitoring, and employees with fever, cough, vomiting, diarrhea, pharyngeal inflammation and skin wounds or infections should leave their posts immediately. Employees should pay attention to personal hygiene, wear clean work clothes and masks, enter the food operation area after strict cleaning and disinfection of their hands, and their hair should not be exposed during operation, and they should not leave long nails, paint nail polish or wear accessories.
Strict procurement inspection.Clear the person responsible for purchasing and acceptance, and truthfully record the product name, specification, quantity, production batch number, shelf life, supplier name and contact information, purchase date and other information. When purchasing fresh meat and meat products, you should carefully check whether the supplier’s license is complete, whether there is a meat inspection and quarantine certificate, and whether the outer packaging and labeling of prepackaged meat products meet the requirements.
Manage in good faith according to law.It is strictly forbidden to operate ingredients with unknown sources; It is forbidden to purchase, store and use nitrite; It is strictly forbidden to purchase and use the meat of livestock and animals and their products that have died of illness, poisoning or unknown cause of death; It is forbidden to purchase, store and use wild animals and their products; It is strictly forbidden to process and sell illegal fishing catches and aquatic products of unknown origin; It is strictly forbidden to raise and slaughter livestock and animals on the spot in catering service places; It is forbidden to purchase, process and supply toxic, harmful and spoiled food; Illegal addition of non-edible substances and abuse of food additives are strictly prohibited.
Strict distribution management.Collective dining distribution units, central kitchens and online ordering, etc., advocate "non-contact" distribution and promote the use of "food safety seal". Clean and disinfect the distribution sites, delivery boxes, delivery vehicles, food containers and their packaging, and tightly package and seal the catering food to ensure that the food distribution process is not polluted.
Strictly mark the price clearly.Clearly mark the service items, service contents, prices or valuation methods in a conspicuous way. Do not sell goods or provide services at a higher price than the marked price, and do not charge any unspecified fees; When carrying out promotional activities, the information of the activities shall be fully, truly, accurately, clearly and conspicuously marked, and false or misleading pricing methods shall not be used to mislead relevant operators and consumers and infringe on consumers’ rights and interests.
Reminder to consumers
Prefer qualified merchants to eat.When dining out or ordering food, you should choose a catering unit with legal and valid Food Business License, quantitative evaluation grades of A and B, and good sanitary conditions. Do not order take-away food of unknown origin. When ordering a large number of meals as a group meal, you should order from a unit with the qualification of group meal distribution.
Homemade dishes to prevent safety risks.Homemade dishes for family dinners and gatherings should ensure that perishable food raw materials and cooked food products can be stored under refrigerated conditions; The prepared meals should be eaten within 2 hours after completion, and should not be stored at room temperature for a long time; Don’t abuse food additives when making food.
Pay attention to safety and nutrition when choosing ingredients.Do not eat foods of unknown origin and foods that have deteriorated, have incomplete packaging labels or have exceeded the shelf life; Do not eat illegal food, eat little or no raw aquatic products, and be careful to eat high-risk foods such as cold meat and cold dishes, green beans and wild mushrooms; Try not to choose foods that are not often eaten or allergic, especially for people who are pregnant and weak; Eat more light and healthy foods such as fresh vegetables and fruits rich in cellulose and vitamins, do not overeat, mix meat and vegetables, and have a balanced diet.
Advocate frugal and civilized consumption fashion.During the Spring Festival dinner, we should establish a correct concept of consumption, order food according to needs, consume in a civilized and rational way, advocate the use of public chopsticks and spoons or separate meals, and eat in a civilized way, so as not to waste, compare with others and show off, and resolutely put an end to "waste on the tip of the tongue".
Rationally safeguard one’s own rights and interests according to law.Dining consumption should take the initiative to ask for bills and vouchers and keep them properly. If you feel unwell after eating food, you should immediately stop eating suspicious food, seek medical treatment as soon as possible, and keep suspicious food samples, consumption vouchers, medical records and other relevant evidence. In the event of a consumer dispute, you can negotiate with the merchant in time; If negotiation fails, consumers can log on to the national 12315 platform (website:http://www.12315.cn/), 12315 mobile APP, 12315 WeChat applet, 315 reconciliation platform applet or call 12315 and 12345 to make a complaint or report.
The State Administration of Financial Supervision is about to go online.
On May 17, The Paper was informed that the State Financial Supervision and Administration Bureau will officially unveil it in the morning of May 18. Someone close to China Banking and Insurance Regulatory Commission told The Paper that the unveiling time can refer to the unveiling in China Banking and Insurance Regulatory Commission in 2018, and it should not be too late.
Previously, the "top leader" of the State Financial Supervision and Administration Bureau has been formally settled. On the afternoon of May 10th, the State Financial Supervision and Administration Bureau held a meeting of leading cadres. The responsible comrades of the Organization Department of the Central Committee announced the central decision: Comrade Li Yunze was appointed Party Secretary of the State Financial Supervision and Administration Bureau.
In March this year, the Central Committee of the Communist Party of China and the State Council issued the "Party and State Institutional Reform Plan", proposing the establishment of the State Financial Supervision and Management Bureau, which is responsible for the supervision of the financial industry except the securities industry, strengthening institutional supervision, behavioral supervision, functional supervision, penetrating supervision and continuous supervision, coordinating the protection of financial consumers’ rights and interests, strengthening risk management and preventive disposal, and investigating and handling illegal acts according to law, as an institution directly under the State Council.
The State Financial Supervision and Administration Bureau was established on the basis of China Banking and Insurance Regulatory Commission, and the daily supervision duties of the People’s Bank of China on financial holding companies and other financial groups, the protection duties of financial consumers, and the investor protection duties of the CSRC were assigned to the State Financial Supervision and Administration Bureau. At the same time, China Banking and Insurance Regulatory Commission is no longer retained.
It has been five years since China Banking and Insurance Regulatory Commission was founded. In March 2018, the State Council’s institutional reform report proposed that the Bank of China Insurance Regulatory Commission would be established, and the responsibilities of China Banking Regulatory Commission and China Insurance Regulatory Commission would be integrated as institutions directly under the State Council. At the same time, the responsibilities of China Banking Regulatory Commission and China Insurance Regulatory Commission to formulate important draft laws and regulations on banking and insurance industry and the basic system of prudential supervision were assigned to the People’s Bank of China.
At 8: 30am on April 8th of that year, relevant leaders held a flag-raising ceremony at the south gate of the former CBRC, and then unveiled the China Banking and Insurance Regulatory Commission. This also means that China Banking Regulatory Commission and China Insurance Regulatory Commission, which have a history of 15 and 20 years respectively, ended their historical missions after the establishment of China Banking and Insurance Regulatory Commission.
Five years later, China Banking and Insurance Regulatory Commission once again handed over to the State Financial Supervision and Administration Bureau.
This year, "night school", a word with a sense of the times, suddenly became a "good heart" for young people and quickly spread all over the country. In Beijing, Guangzhou, Xi ‘an, Wuxi and other places, the popularity of various interest courses is comparable to that of online shopping. More and more young people go into the classroom to brush their lessons after punching out, ranging from dance vocal music and calligraphy and painting to non-legacy work, health and fitness … They are opening the "nightlife" mode in a different way.
Why do young people rush to attend "night school"? At the moment when material life is becoming more and more abundant, people are pursuing the richness and diversity of spiritual life, and the "Youth Night School" with the price close to the people and fashionable and novel courses just conforms to the pursuit of colorful spiritual life by contemporary youth, and it is natural that its popularity will continue unabated.
Some people compare the Youth Night School to the adult version of the "Children’s Palace" and the youth version of the "University for the Aged". For young people, it is an "energy supplement station". Some people sign up for study to fulfill their childhood dreams, while others are to improve their skills … "Night school" gives them the opportunity to choose to study and charge according to their interests and needs, and "store energy" for their future. In the process of learning without the pressure of examination, young people unload the pressure and fatigue brought by work and life, immerse themselves in learning a certain knowledge or skill, and enjoy the pleasure of "wasting time on beautiful things".
Youth night school is also a "big social classroom". Many young people once lamented their "formatted" life: after finishing work at 5 o’clock, they would pass the time by watching dramas, often lying down and brushing their mobile phones until late at night, which not only made them feel empty mentally, but also affected their health. "Don’t’ house’, come out!" Night school gives young people the opportunity to break out of their homes, reconstruct their cultural life and go to the social classroom. "Youth Night School" also provides a brand-new social scene for young people, making friends with similar interests, broadening their circle of friends, and some even finding life partners.
Youth night school is a "dream-chasing place". Going to night school is an independent choice of contemporary young people who actively seek knowledge and are eager to improve. Behind it is the popularization of the concept of lifelong learning, which shows their spirit of being unwilling to be mediocre, uneasy with the status quo and positive. "Youth Night School" gives young people the opportunity to pursue their dreams, so that they can tap their potential with love for life, improve themselves in advance, and reshape themselves in their studies.
Young people have no trivial matters, and everything is always related to their feelings. Youth night school has become a new fashion, but if it is not only a temporary craze at this time, we need to seriously think about: how should youth night school serve young people more and better? In this regard, on the one hand, the quality of the course is the key. Only by providing high-quality course content and teachers, can we better meet the learning needs of young people and make evening schools have lasting appeal. On the other hand, it is necessary to "revitalize" more public cultural resources, build a broader learning platform for night schools, and build a learning city where everyone can learn, learn everywhere, and learn from time to time, so that young people can really fall in love with learning and the city where they live. In addition, young people in rural areas and remote areas can also be included in the "night school" education platform through online lectures, so that happy study nightlife can cover more people in need.
Youth night school lights up the nightlife of young people, allowing more young people to take the initiative to improve themselves and embrace the new era. In this two-way trip, a little bit of starlight condenses the confidence and strength to move forward towards a better life. (Have fun)
Chinese New Year, going home?
Surely, you will
Without thinking, firmly, blurt out.
Back!
But, you know what?
Do British people go home for Christmas?
Can the family have a happy Christmas Eve dinner together?
But caught in the tangle of emotion and reason.
toss it up
Why?
Because on Christmas eve
The COVID-19 epidemic in Britain suddenly worsened.
The virus has mutated
A new and more infectious strain has emerged.
It is said that infectivity
It is 70% higher than the strain previously found in the UK.
As soon as the news came out
Many countries cut off flights with Britain.
Even the British capital London has entered the highest level of epidemic prevention and control.
Non-essential stores closed
Almost "closing the city"
The people are rushing to "escape" and "escape"
A hoarder who is rushing to hoard goods
Empty all the shelves
This is the last bag of turkey on the shelf photographed in a store in London, England on December 21st. (Xinhua News Agency/Reuters)
Why did Britain fail to take effective measures to curb the spread of the epidemic?
Instead, it made the situation worse?
Can the British have a good year?
We have connected Liang Xizhi, a reporter from Xinhua News Agency in London.
And Cui Hongjian, a well-known expert on European issues.
Analyze problems and answer questions for you.
"Near Christmas.
The situation of prevention and control of COVID-19 epidemic in Britain is not optimistic.
In some parts of England, the spread speed of Covid-19 began to accelerate.
The number of infected cases has also shown a sharp upward trend.
At present,
This may be related to a new Covid-19 mutation.
According to British media reports,
On the afternoon of the 19th.
Many railway stations in London are overcrowded.
Tickets sold out
A large number of people want to leave London before the ban takes effect. "
……
"When the UK responded to the first wave of epidemics,
Epidemic prevention measures sum up three characteristics.
Wide, loose and soft "
……
"Next, the British side
If we don’t take more severe measures
And the government and the people
If we can’t cooperate better
The second wave or even the third wave of epidemic.
It may continue to spread in the UK. "
……
Epidemic prevention situation in Britain and even Europe
What’s going on? What should I do?
Our reporter Zhang Jingchao reports from Beijing.
On the evening of December 12, WANDA CINEMAS announced that WANDA CINEMAS’s indirect controlling shareholder, Beijing Wanda Cultural Industry Group Co., Ltd. (hereinafter referred to as "Wanda Culture") and its wholly-owned subsidiary, Beijing Hengrun Enterprise Management Development Co., Ltd. (hereinafter referred to as "Beijing Hengrun"), and the company’s actual controller, Wang Jianlin, Signed the Equity Transfer Agreement on Beijing Wanda Investment Co., Ltd. (hereinafter referred to as "Equity Transfer Agreement") with Shanghai Ruyi Investment Management Co., Ltd. (hereinafter referred to as "Ruyi Investment"), and planned to transfer 51% equity of Beijing Wanda Investment Co., Ltd. (hereinafter referred to as "Wanda Investment") to Ruyi Investment. According to the Equity Transfer Agreement, the total transfer price was RMB 2.155 billion.
If the above transaction is finally implemented, Ruyi Investment will hold 51% equity of Wanda Investment, and Ke Liming, as the actual controller of Ruyi Investment, will indirectly control 20% equity of WANDA CINEMAS through Wanda Investment. In addition, China Ruyi Film and Television, which is controlled by Ruyi through an agreement, holds 49% of Wanda Investment, and Ke Liming also holds 16.34% of the total share capital of China Ruyi. Wang Jianlin indirectly controls 10.9% equity of WANDA CINEMAS through Wanda Culture, Shenxian Rongzhi Xingye Management Consulting Center and Lin Ning. Colliming will eventually become the new actual controller of WANDA CINEMAS.
The reporter of China Business News learned that China Confucianism was formerly known as Hengteng Network. In October 2020, Hengteng Network wholly acquired Ruyi Film through allotment and issuance of shares and subscription of equity, with a total transaction amount of about HK$ 7.2 billion (at that time, it was about RMB 6.2 billion). However, in November 2021, with the departure of Evergrande, Ke Liming, the real controller of Ruyi Film, became the largest shareholder of Hengteng Network, while Tencent Holdings and United Resources Investment Holdings ranked second and third. In February 2022, Hengteng Network was renamed as "China Confucianism".
According to China Ruyi’s mid-year report in 2023, the company’s business mainly includes film and television drama production, online streaming platform pumpkin movies and games. After holding WANDA CINEMAS, it means that China Confucianism and Italy will open up the downstream film industry, and its strength should not be underestimated.
The whole process of transfer
Two equity transfer transactions with Ruyi Investment contributed to the change of WANDA CINEMAS’s actual controller, but in addition, Wanda Investment has transferred WANDA CINEMAS shares several times in 2023.
In April this year, WANDA CINEMAS issued the Announcement on Pre-disclosure of Shareholding Reduction by Controlling Shareholders. According to the announcement, Wanda Investment, the controlling shareholder of WANDA CINEMAS, holds 849,811,931 shares, accounting for 38.99% of the company’s total share capital. Wanda Investment plans to reduce its shareholding by no more than 65,381,064 shares through centralized bidding and block trading, accounting for 3% of the company’s total share capital. The reduction will be completed within 6 months, and the reason for the reduction is "own capital demand".
On July 12th, WANDA CINEMAS issued another announcement to remind Wanda, the controlling shareholder, to invest in the transfer of equity. According to the announcement, Wanda Investment transferred 180 million shares of the company to Lu Lili through agreement transfer, accounting for 8.26% of the company’s total share capital. Lu Lili is a legal person of Shanghai Oriental International Film and Television Culture Communication Co., Ltd. Subsequently, on July 17, Wanda Investment and its concerted action person, Shenxian Rongzhi, signed the Share Transfer Agreement on WANDA CINEMAS Co., Ltd., stipulating that Wanda Investment would transfer 177,352,994 shares of WANDA CINEMAS unrestricted shares held by it to Shenxian Rongzhi, accounting for 8.14% of the company’s total share capital.
On July 20th, WANDA CINEMAS announced that Wanda Culture, the indirect controlling shareholder of the company, transferred its 49% equity of Wanda Investment to Ruyi Investment at a transfer price of 2.262 billion yuan. After changes in equity, Confucianism and Italian Investment indirectly held 216 million shares of WANDA CINEMAS through Wanda Investment, accounting for 9.8% of the total share capital.
China Ruyi said in the announcement at that time that although Ruyi Investment would directly hold 49% of the shares of Wanda Investment, it had no intention of appointing directors to Wanda Investment and would not participate in the daily operation and management of Wanda Investment. Wanda Investment will not be a subsidiary of China Confucianism and Italy, and its financial performance will not be incorporated into the comprehensive financial statements of China Confucianism and Italy. At that time, the actual controller of WANDA CINEMAS was still Wang Jianlin, but after the signing of the Equity Transfer Agreement, the actual controller of WANDA CINEMAS will be changed from Wang Jianlin to Ke Liming.
China’s Confucianism reappears and capital operation is generous
The reporter learned from the information provided by a number of third-party organizations that WANDA CINEMAS is one of the few companies in China that has realized the integration of film and television production, distribution, cinema, film management and film projection, and its market share has also occupied the first place for a long time at the screening end. On the content level, WANDA CINEMAS is equally strong. According to public information, the "Beijing Love Story" controlled by Wanda Cinema in 2014 accumulated a box office of 406 million yuan; In 2015, the master controller produced 9 films, including Searching for the Dragon, goodbye mr. loser and Pancake Man, among which 7 films exceeded 100 million at the box office. In 2016, the master controller produced 9 films, including "Love Saint" and "Grand Prix"; In 2017, there were 16 films such as "Journey to the West" and "Master of Memory"; In 2018, in addition to the "Chinatown Detective 2" with a cumulative box office of 3.397 billion yuan, there are 10 master film projects such as "Get My Brother Away"; In 2019, there were 15 master movies including Sheep Without A Shepherd’s Flying Life; In 2021, Detective Chinatown 3, the master producer, ranked seventh in the box office list of Chinese movies with a box office of 4.523 billion yuan.
However, this year, WANDA CINEMAS’s only film projects are Space Exploration Editorial Department, Countdown Love You, Shen Jilan and Three Battalions, which will be released on December 15th. Among them, Cosmic Exploration Editorial Department has a cumulative box office of 67.043 million yuan, Countdown Love You has a cumulative box office of 26.37 million yuan, and Shen Jilan has only 4.565 million yuan. According to WANDA CINEMAS’s semi-annual financial report for fiscal year 2023, although WANDA CINEMAS achieved operating income of 6.869 billion yuan in the first half of the year, the income from cinema screening accounted for over 60%, while the income from film production and distribution and related businesses was only 202 million yuan, accounting for less than 3% of the total revenue. The cinema screening sector is undoubtedly the core asset of WANDA CINEMAS.
The momentum of WANDA CINEMAS’s projection in the cinema will help China’s Confucianism. Before Ke Liming became the actual controller of WANDA CINEMAS, China Confucianism and Italy had included three major businesses: film and television drama production, online streaming media and games. Among them, Shanghai Ruyi Film and Television Production Co., Ltd., a subsidiary, participated in films such as Hi, Mom, A Little Red Flower and Moon Man, and participated in the production of dramas such as No War in Peiping, nirvana in fire and My Fireworks on Earth. In 2023, the main films included Exchange of Life, Keeping You Safe and Warmth. China Ruyi also owns Pumpkin Movie, a streaming media platform. The business segment had 70.84 million registered members when the data was last published in 2021, of which 28.68 million were paid subscription members. The game business of China Confucianism began in 2022, and Beijing Confucianism Jingxiu Network Technology Co., Ltd. was established to lay out the game business. China Confucianism said in the announcement at that time that it would get Tencent’s support in technology, channels and funds.
Before WANDA CINEMAS changed hands, there had been many large-scale capital operations of Confucianism and Italy in China. In 2020, when Hengteng Network acquired Ruyi Film, the two sides signed a three-year gambling agreement, and Ruyi Film was required to achieve an annual net profit of 400 million yuan, 500 million yuan and 600 million yuan respectively from fiscal year 2021 to fiscal year 2023, with a profit of 1.5 billion yuan in three years. After the transaction is completed, the shareholding ratio of Evergrande and Tencent in Hengteng Network is 45.55% and 16.9% respectively. Ke Liming became the third largest shareholder of Hengteng Network, holding 12.5%.
In 2021, with a guaranteed price of 1.5 billion yuan, Ruyi Film bought out Hi, Mom’s share of the profits from the first producer, Beijing Culture. In the end, the box office in Hi, Mom exceeded 5.4 billion yuan. With this transaction, Confucianism and Italian Film successfully completed the above gambling agreement.
At the beginning of this year, among the four cornerstone investors introduced by Lehua Entertainment IPO, Sun Mass Energy, a wholly-owned subsidiary of China Confucianism and Italy, subscribed for 7.9 million US dollars in offering shares, making it the largest one.
(Editor: Zhang Jingchao Proofreading: Liu Jun)
