By Zhujiang Li

Source: GPLP

After falling by the daily limit on February 3,  Enlight Media(300251.SZ) started reversed on February 4, it rising all the way to 9.86 yuan by 3.68%.

On February 3, Enlight Media released a notice saying that, Enlight holding had released its 108 million shares, accounting to 8.35% of Enlight holding and 3.68% of Enlight Media’s total share. Source: Enlight Media Bulletin

At the same time, an announcement shows that the release of the pledged shares are pledged in 2018, repayment of funds including income and investment profit.

As of February 3, Enlight holding has pledged 721 million shares, accounting to 55.77% stock holding and 24.57% of the total share of Enlight Media.

At the present, the Enlight holding holds 1.293 billion Enlight Media shares, accounting for 44.06% of total shares.

In addition, as an announcement of Enlight Media said that, the shares pledged by light holdings does not currently have the risk of liquidation or forced transfer of ownership risk, it will not have a significant adverse impact on production & operation. But such as the above-mentioned risks happening in the future, Enlight holdings will take early repayment, additional pledge measures to deal with.

Previously, the Enlight Media issued the 2019 annual performance forecast, 2019 is expected to profit 900 million to 1.15 billion yuan, compared with the same period last year fell by 16.26%-34.46% .

Enlight Media’s animated film, “Legend of Deification”, was the second highest grossing film of All the Spring Festival films in presell section, but it was pulled from the box office; the recent hit “new world” was co-produced by Enlight Media.

According to Time News report, a well-known investor (cultural industry) said that, the current rebound in the film and television industry is an illusion, an industry can not be so quickly adjusted.