Wonderful Sky Financial Group Assists Litian Pictures Holdings Limited (Stock Code: 9958.HK) with the Successful Listing on HKEx
Litian Pictures Holdings Limited (Stock Code:9958) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.
Litian was established in 2013, and is primarily engaged in the business of licensing the broadcasting rights of self-produced and outright-purchased drama series. In addition, Litian is engaged in other businesses, which include (i) selling drama series scripts; (ii) acting as a distribution agent of the broadcasting rights of TV series; and (iii) investing in drama series in which Litian act as a non-executive producer. During the Track Record Period and up to the Latest Practicable Date, Litian have invested and produced seven TV series and one web series covering a wide range of genres in which they acted as the executive producer. The Group also distributed 32, 43 and 45 drama series (including both self-produced drama series and drama series they purchased outright from third-party copyright owners/licensors) for the years ended December 31, 2017, 2018 and 2019, respectively. The drama series Litian distributed were generally broadcast on well-known satellite TV channels and leading online media platforms in the PRC during the Track Record Period.
Litian is a drama series distribution company in the PRC. Litian ranked 15th among all drama series distribution companies in the PRC in terms of revenue generated from the drama series market in 2019 with a market share of approximately 0.31%. In addition, Litian ranked first among all drama series distribution companies in China in terms of the total number of episodes of distributed drama series which were broadcast in 2019 with a market share of approximately 6.9%, and sixth among all drama series production and distribution companies in China in terms of the hours of TV series produced in 2019 with a market share of approximately 0.9%.
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