On the evening of May12, Oceanwide Holdings (000046.SZ) made an announcement that after a series of stock conversion and capital increase, Oceanwide Equity Investment Management Co., Ltd. (wholly-owned subsidiary of Oceanwide Holdings) which became ashareholder of Wanda Media with 2.5 billion Yuan as a strategic investor inMarch would obtain 33 million shares of Wanda Cinemas for 74.84 Yuan/share.

On the same day, Wanda Cinemas (002739.SZ) that had been suspended for nearly three months also madean announcement that, upon approval of the supervision department, the core assets of production business of Wanda Media, including Wanda Media Co., Ltd. and Legendary Pictures LLC, would be integrated into Wanda Cinemas, and then the film and television assets of Wanda with the full industrial chain covering the upstream production and downstream projection would be listed as A share.

As for the strategic investment of 2.5 billion Yuan, Oceanwide Holdings once made an announcement in March that, the company was transforming into an industry-based andfinance-centered international enterprise group integrating industry andfinance via the platform of Internet, and the investment business was animportant part of the transformation strategy of the company. The investment inWanda Media and Qingdao Wanda Media and engagement in culture and media field will enhance the overall value of the company. From the angle of investment income, the investment object, as an important part of the whole industry chain eco-system of Wanda film industry, was purchased within the estimated range ofthe median of capital market, and will appreciate in value in the future withgreat investment value.