Can Ningmeng Pictures invest?

Okay.

As the National Day approaches, Ningmeng Film and Television, which has many auras such as "Tencent Investment" and "Celebrity Shareholding", has given up on the highly valued A-share market and chosen to switch to Hong Kong stocks.

According to the Hong Kong Stock Exchange, Ningmeng Film and Television Media Co., Ltd. (hereinafter referred to as "Ningmeng Pictures") submitted a prospectus on September 29 and plans to list on the main board. Morgan Stanley and CICC The company serves as joint sponsor.

Since 2021, film and television entertainment companies have experienced mixed success in the A-share IPO market. In addition to Guomai Culture's successful listing on the GEM, Bona Pictures, which passed the meeting at the end of 2020, is still far away from being listed on the market. Canxing Culture, which produces "The Voice of China", submitted a prospectus to the GEM for the second time, but it was ultimately rejected by the listing committee on February 2, 2021.

Looking at the Hong Kong stock IPO market, it only took half a year from the submission of the form to the listing of Straw Bear Entertainment; with the successful listing of Straw Bear Entertainment, NetEase Cloud Music, Fenghua Qiushi, One Nine Media, Kaixing Culture, De Many film and television entertainment companies, including Yingying Holdings, have submitted listing applications to the Hong Kong Stock Exchange.

Against this background, Ningmeng Pictures, which originally planned to be listed on the A-share market, is also urgently preparing for its listing in Hong Kong. In order to optimize its own structure to further develop its business and enter the international capital market more easily, Ningmeng Films registered an exempted limited company in the Cayman Islands on June 10, 2021 - Ningmeng Film and Television Media Co., Ltd., which is the The entity that submits a listing application to the Hong Kong Stock Exchange.

After registering a new company in the Cayman Islands, Ningmeng Pictures continued its equity restructuring. According to the listing application, on July 5, 2021, Shanghai Ningmeng Pictures adopted repurchase and cancellation methods to reduce its domestic capital from RMB 360 million to 255.5 million yuan.

After Ningmeng Pictures' capital "downsizing", the company's new equity framework and A-share market guidance pre-listing equity framework have also changed.

According to the listing application, Su Xiao, Chen Fei, Xu Xiaoou, and Zhou Yuan are the co-controlling shareholders and actual controllers of Ningmeng Film and Television. The four people’s shareholdings are 20.6, 9.56, and 9.56 respectively. and 6.55.

In addition, Tencent and Hony Hongxin, the “financiers” behind Ningmeng Film and Television, have slightly changed their shareholding ratios. According to the listing application, Tencent’s shareholding ratio has increased from 18.97 during the guidance listing stage to 19.78, making it the second largest single shareholder after founder Su Xiao; Hony Hongxin’s shareholding ratio has increased from 15.48 to 16.15, making it the third largest shareholder. Three major single shareholders. The two largest single shareholders, Tencent and Hony Hongxin, hold approximately 36% of the shares in total.

Huang Lei and Zhang Jiayi indirectly hold shares, and Tencent Vice President and host Jiang Changjian is in charge of them

Like other film and television entertainment companies, there are many actors and actresses hidden in the ownership structure of Ningmeng Film and Television. writer. After passing through layers of shareholder backgrounds, actors Zhang Jiayi, Huang Lei, writer Yang Zhi and others loomed behind Ningmeng Film and Television.