Hengdian Entertainment (SH:603103) Zheng Quan Zhi Xing·2025-06-10 09:18Core Viewpoint - The company plans to establish a new holding subsidiary, Zhejiang Hengdian Juqing Cinema Development Co., Ltd., to engage in cinema project investment and management, with a registered capital of RMB 50 million, where the company will contribute RMB 45 million (90%) and its wholly-owned subsidiary, Zhejiang Hengdian Film Co., Ltd., will contribute RMB 5 million (10) [1][2][4]. Group 1: Investment Overview - The new subsidiary will focus on cinema-related projects and is part of the company's strategic planning and business development needs [1][2]. - The investment proposal was approved by the company's fourth board of directors' strategic committee and subsequently by the board of directors [1][2]. - The establishment of the subsidiary does not constitute a related party transaction or a major asset restructuring as defined by regulations [1][2]. Group 2: Investment Details - The registered capital of the new subsidiary is RMB 50 million, with the company contributing RMB 45 million and Hengdian Film contributing RMB 5 million [2][4]. - The investment will be made in stages according to the agreement, ensuring it does not disrupt the company's normal operations [6]. - The investment aligns with the company's strategic layout and business development needs, aiming to enhance management structure and resource allocation efficiency [6]. Group 3: Company Background - Zhejiang Hengdian Film Co., Ltd. is a wholly-owned subsidiary of the company, established in September 2010, with a registered capital of RMB 100 million [2]. - The new subsidiary will operate in various sectors, including film distribution, cinema operations, and food sales [2][3].