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The National Film Administration has stated that it will moderately reduce the import quantity of USA films, causing related US stocks to plummet.
① The National Film Bureau responded today to the USA's increased tariffs on China, stating that it will moderately reduce the number of American films imported. ② According to reporters from Caixin, cinema sources have indicated that there has been no notification of Hollywood films such as 'Thunder Force' being withdrawn from release. ③ Over the past three years, domestic films have dominated the annual box office.
Express News | The National Film Administration responds to the USA's additional tariffs on China: the quantity of American films imported will be moderately reduced.
A Metaverse Company Announces New Board Composition
A METAVERSE (01616.HK) has appointed Song Dawei as an independent non-executive Director.
Gelonghui reported on April 9 that A METAVERSE (01616.HK) announced that the company's independent non-executive Director, Guo Bocheng, will rotate out of his position according to the company's articles of association, and will not be re-elected at the Shareholder annual meeting scheduled for around May 26, 2025. On the same day, it was announced that Song Dawei was appointed as an independent non-executive Director, effective from April 9, 2025.
A Metaverse Company Reports Increased Losses and Revenue Decline for 2024
A METAVERSE (01616.HK): The shareholder's attributable loss for 2024 is 38.6 million yuan.
Gelonghui reported on March 31 that A METAVERSE (01616.HK) announced that for the fiscal year ending December 31, 2024, the revenue is approximately 16.7 million yuan, a decrease of about 29.5% compared to the recurring business income of approximately 23.7 million yuan confirmed last year. The gross loss for this year is approximately 22.5 million yuan, a reduction of about 30.9 million yuan from the gross loss of approximately 53.4 million yuan confirmed last year. The gross margin for this year is approximately (134.7)%, an increase of about 90.0 percentage points from last year's gross margin of approximately (224.7)%. This year, the loss attributable to the company's equity shareholders.