Wanda Film (002739.SZ) plans to jointly invest with Ruyi Xingchen and carry out strategic cooperation with Lezi Tiancheng.

Zhijun Finance and Economics APP News, Wanda Film (002739.SZ) announced that its wholly-owned subsidiary, Beijing Ying Shiguang E-commerce Co., Ltd. (referred to as "Ying Shiguang"), intends to jointly invest in Beijing Lezi Tiancheng Cultural Development Co., Ltd. (referred to as "Lezi Tiancheng" or "Target Company") with its related party Shanghai Ruyi Xingchen Enterprise Management Co., Ltd. ("Ruyi Xingchen"). Ying Shiguang intends to purchase 370,906 shares of Lezi Tiancheng held by 7 existing shareholders of Lezi Tiancheng (referred to as "Transferor") with a consideration of RMB 68,989,700, while Ruyi Xingchen intends to purchase 278,178 shares of Lezi Tiancheng held by the aforementioned Transferors with a consideration of RMB 51,742,300. In addition, Ying Shiguang intends to subscribe for a newly increased registered capital of RMB 31,284 shares of Lezi Tiancheng with RMB 13,296,000, while Ruyi Xingchen intends to subscribe for a newly increased registered capital of RMB 23,464 shares of Lezi Tiancheng with RMB 9,972,000.