Core Viewpoint - The article discusses the recent judicial auction of shares held by the controlling shareholder of Huayi Brothers, Wang Zhongjun, and its implications for the company's ownership structure and operations [4][6][7]. Summary by Sections Judicial Auction Details - On December 31, 2025, Huayi Brothers announced the completion of a judicial auction of 154 million shares held by Wang Zhongjun, representing 5.55% of the total share capital [4][6]. - The auction was conducted by the Beijing Third Intermediate People's Court from December 29 to December 30, 2025, on the JD Network Judicial Auction platform [6]. - The shares were sold at an average price between 1.90 and 1.91 yuan per share, with the highest bidder, Sun Kai, acquiring 84 million shares at 1.90 yuan, totaling approximately 159.6 million yuan [6]. Shareholding Changes - Following the auction, Wang Zhongjun and his co-acting party, Wang Zhonglei, hold a combined total of 383 million shares, accounting for 13.81% of the company [7]. - The auctioned shares represent 48.54% of Wang Zhongjun's holdings and 5.55% of Huayi Brothers' total shares [6][7]. - The company stated that the auction would not change the actual control or the largest shareholder status, and business operations would continue normally [7]. Risks and Governance - The company acknowledged a potential risk of unstable control due to the reduced shareholding of the largest shareholder, but emphasized that the second-largest shareholder does not hold a board position, minimizing impact on decision-making [7]. - As of the announcement date, there were no instances of non-operational fund occupation or illegal guarantees by the controlling shareholders that would harm the company's interests [8]. Management Changes - The article also mentions the resignation of key technical personnel, Zhou Zijian, from Huayi Brothers' subsidiary, New Shengtang Film Co., Ltd., due to personal reasons, but assures that this will not affect operations [8]. - New Shengtang plans to sign a new cooperation agreement with Zhou, granting them first-look rights on film projects he controls [8][9].

Group 1 - The core theme of the "Golden Goblet Film Forum" is the empowerment of female filmmakers and their ability to transcend boundaries through creativity and storytelling [1][3] - The film "Storm," which will premiere at the 27th Shanghai International Film Festival, tells the story of Brazilian women fighting for their rights a century ago, highlighting the importance of female narratives in cinema [1][3] - The film was created entirely by women, including the director, producer, and crew, and was completed in 25 days with a budget of only $2 million, showcasing the dedication and resilience of female filmmakers [1][3] Group 2 - The film "Storm" is set in 1919 São Paulo and follows a single female worker with dreams of becoming a playwright, illustrating the struggles women faced in pursuing their aspirations in a male-dominated society [3] - The Shanghai International Film Festival features a special section called "Kering's 'Dynamic Her Film'" showcasing six films that represent the real spirit of female creators across Europe, Asia, and South America [5] - The festival coincides with significant anniversaries in cinema, marking 120 years of Chinese film and 130 years of world cinema, emphasizing the historical contributions of female filmmakers [6] Group 3 - Liang Jing, a producer who transitioned from acting, discusses the challenges of her new role and the importance of quality in filmmaking, regardless of the creator's gender [8] - The upcoming film "East Extreme Island," produced by Liang Jing, is based on a true historical event during World War II, featuring a strong female character, further emphasizing the representation of women in film [8][10] - Kiran Rao, a prominent Indian producer, highlights the slow progress of women in the film industry and the need for more female voices to enrich storytelling and challenge societal norms [11][13] Group 4 - Kiran Rao notes that while female participation in Indian film production is still below 25%, there is a growing presence of female producers and directors, which is essential for diverse storytelling [15] - The "Dynamic Her Film" initiative, launched by Kering in 2015, aims to enhance the visibility and influence of female filmmakers globally, celebrating their achievements and supporting emerging talent [16] - The 10th anniversary of the "Dynamic Her Film" project will be marked in 2025, with Kering emphasizing its commitment to empowering women in the cultural and artistic fields [16]