The company won Tencent 1.8 billion yuan large single Jebsen shares received the Shenzhen Stock Exchange letter of concern

2022-05-12 0 By

In the morning of February 15th, the official website of shenzhen Stock Exchange showed that Jebsen Co., LTD (300182) received a letter of concern from Shenzhen Stock Exchange regarding the signing of “Film and television Program Authorization Contract” between its subsidiary and Shenzhen Tencent Computer System Co., LTD. (hereinafter referred to as “Tencent”).It is understood that on February 13, Jebsen Corporation disclosed a Notice on the Signing of Major Daily Operation Contracts by its Holding Subsidiaries. Xinjiang Huaxiu Culture Media Co., LTD. (hereinafter referred to as “Xinjiang Huaxiu”), a subsidiary of the holding subsidiaries of the company, recently signed a Film and television Program Authorization Contract with Tencent.Tencent is authorized to enjoy the right of information network communication of no less than 6,332 film and television programs within the scope of the contract. The contract amount is RMB 1.8 billion, accounting for 56.54% of the company’s audited operating revenue in 2020, which is expected to have a positive impact on the company’s operating results in 2022.The term of authorization shall start from the beginning of authorization. If the remaining term of film and television programs obtained by Xinjiang Huaxiu or its affiliated companies from its upstream reaches 6 years, the term of authorization shall not be less than 6 years.If it is less than 6 years, the termination time of the actual acquisition period of Xinjiang Huaxiu shall prevail.To this, the shenzhen stock exchange jebsen shares based on the terms of the contract specify the xinjiang washoe obligation of contract in the contract, the xinjiang washoe dub tencent network transmission right is the sole and exclusive rights, xinjiang washoe can contract involved in film and TV programs are not restricted to cooperate with other clients, whether there should be the content of the disclosure did not disclose important agreement.The contract amount is RMB 1.8 billion. Jebsen Shares shall explain whether Tencent can sublicense the information network transmission right under the contract in combination with the terms of the contract. If so, please explain the specific contract terms and the contractual obligations undertaken by Xinjiang Huaxiu in the process of sublicense by Tencent.In addition, on September 17, 2021, jebsen shares disclosure on the concentrate on the shenzhen stock exchange announcement of letter reply, according to given voting rights to entrust the relevant time period is voting delegate do both parties agreed, company will urge Xu Ziquan and corning with office for sign supplementary agreement as soon as possible relations consistent action, and the related deadline.In this regard, the Shenzhen Stock Exchange requires the company to explain the progress of signing the supplementary agreement, the reasons and obstacles for not signing the supplementary agreement in time, whether there are any major matters that should be disclosed, and the urging measures the company has taken and plans to take and their effectiveness.(Dong Liang ding Ning)