Wanda Film revises governance, appoints new vice president, plans future transactions

Wanda Film Holding has announced comprehensive revisions to its articles of association and several corporate governance policies, effective December 12, 2025. These changes, approved by the seventh board of directors and supervisors, aim to enhance governance and regulatory compliance. The board approved the appointment of Pang Hui as vice president, effective immediately, following her nomination by the chairman and chief executive, Chen Xi. Pang, born in 1981, joined Wanda Film in June 2024 and brings over 16 years of internet business and operational management experience from Alibaba Group.

In a related announcement, Wanda Film also forecasts related party transactions with Shenzhen Zhongkechuang Laser Technology Co. for 2026. Following the appointment of a Wanda Film senior executive to its board, Zhongkechuang will become a related party. The company anticipates transactions totaling no more than 13,000 million yuan for services like equipment leasing and laser modification. These transactions are based on market pricing and are intended to upgrade cinema projection equipment, enhance the viewing experience, and improve operational efficiency.