Core Viewpoint - Beijing Twelve Stars Entertainment Co., Ltd. has significantly reduced its registered capital by 80%, from 5 million RMB to 1 million RMB, indicating potential financial distress or strategic restructuring [1] Company Summary - Beijing Twelve Stars Entertainment Co., Ltd. was established in January 2019 and is legally represented by Zhang Wenge [1] - The company's business scope includes children's indoor gaming entertainment services, film production, and rental of film costumes [1] - Shareholder information reveals that Zhang Han holds 90% of the shares, while Zhang Wenge holds the remaining 10% [1]