After investigation, in 2019, Wanda Film acquired shares of Wanda Film and Television by issuing shares to purchase assets. Beijing Wanda Investment Co., Ltd., the controlling shareholder of the company, and the shareholders, Shenxian Rongzhi Industrial Management Consulting Center, and Lin Ning jointly promised the net profit of Wanda Film and Television in 2018, 2019, 2020 and 2021. When the performance promise cannot be fulfilled, the above targets will be compensated for Wanda Film. In 2021, the Wanda Film Shareholders' Meeting adjusted the original performance commitment plan of Wanda Film and Television and signed the “Profit Forecast and Compensation Supplementary Agreement”. The performance commitment period was changed to 2018, 2019, 2021, and 2022. Wanda Film and Television failed to deliver the promised performance in 2022. Up to now, the above targets have not fulfilled their performance commitments and compensation obligations. According to regulations, the Beijing Securities Regulatory Bureau decided to take administrative supervision measures to order corrections against the above targets, and record the relevant acts in the securities and futures market integrity files.
未履行业绩承诺补偿义务，万达电影控股股东等遭北京证监局责令改正
The controlling shareholders of Wanda Film and others were ordered to make corrections by the Beijing Securities Regulatory Bureau for failure to fulfill performance commitments and compensation obligations
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