Zhitong Financial APP learned that according to the disclosure of the Hong Kong Stock Exchange on Aug. 7, Lehua Entertainment Group updated its post-hearing data set with CITIC Construction Investment International and China Merchants International as co-sponsors.

According to Frost Sullivan, the company ranks first among Chinese artist management companies in terms of artist management income in 2021, with a market share of 1.9%. Since its establishment in 2009, the company has built the company into a cultural and entertainment platform including artist management, music IP production and operation and pan-entertainment business. Consumers' demand for high-quality entertainment is expanding, people pay more and more attention to famous artists, and the entertainment industry has been developing around famous artists for many years. Now famous artists are no longer limited to a unique field that they are good at. They have starred in a wide range of entertainment, including music, variety shows, dramas and movies.

In addition, famous artists help corporate customers improve their market awareness of their products or services by endorsing their products or services and commercial promotional activities. As a professional artist management company, the company arranges contracted artists to provide quality services to customers and assist contracted artists to capture business opportunities and develop their careers. The company's business covers the entire value chain of artist management industry from artist training, artist operation to artist promotion. The company's rich industry expertise lays the foundation for the company to seize the opportunity and help the company to lead the Chinese artist management market.

In 2019, 2020, 2021 and the first four months of 2022 ended April 30, the revenue of Lehua Entertainment Group was approximately 631 million RMB, 922 million RMB, 1.29 billion RMB and 353 million RMB respectively; over the same period, the company's profits were approximately 119 million RMB, 292 million RMB, 335 million RMB and 80.52 million RMB respectively.