Huace film & TV major shareholders reduce stake via inquiry transfer

Zhejiang Huace Film & TV's major shareholders, including Fu Meicheng, Hangzhou Dace Investment Co., Ltd., Fu Binxing, Yinwan Quanying No. 31 Private Securities Investment Fund, and Yinwan Quanying No. 32 Private Securities Investment Fund, collectively reduced their holdings from 36.00% to 32.45% of the company's total share capital. The transfer involved 67,470,585 shares at a price of 7.42 yuan per share, totaling 500,631,740.70 yuan. This change in equity crossed the 5% integer multiple threshold.

The inquiry transfer, facilitated by CITIC Securities, was finalized on October 10, 2025, following a pricing process that adhered to regulatory guidelines. The transaction's objective for the disclosing parties was to reduce debt and manage financial risk. Twenty-four institutional investors, who did not previously hold shares in Huace Film & TV, participated as transferees, with a six-month lock-up period for the acquired shares.

Despite the reduction, Fu Meicheng remains the actual controller, and Hangzhou Dace Investment Co., Ltd. remains the controlling shareholder, ensuring no change in the company's control or governance structure. This transfer is part of broader equity changes, which also included share buybacks and other forms of reductions between December 31, 2021, and October 10, 2025.