Over 20 companies under Huace Film & TV have been deregistered.

#Huace Disbands Film Department# Recently, there have been reports that Huace Entertainment has internally announced the dissolution of its film department, explicitly stating that "the company no longer holds hope and illusions for the film sector." This decision was made due to consecutive losses in film projects and overall industry contraction pressure, sparking heated discussions. According to Tianyancha App, Zhejiang Huace Film & TV Co., Ltd. was established in October 2005, with Zhao Yifang as the legal representative and registered capital of approximately 1.89 billion RMB. Its business scope includes economic information consulting, performing arts agency business, import and export business, etc. The company is jointly owned by Hangzhou Dace Investment Co., Ltd., Fu Meicheng, Beijing Dinglu Zhongyuan Technology Co., Ltd., among others. External investment information shows that the company has invested in over 70 enterprises, with more than 50 still in operation, including Shanghai Huaju Hui Technology Co., Ltd., Shanghai Kedun Cultural Media Co., Ltd., etc., while over 20 enterprises have been deregistered.