According to the Daily Economic News report on January 6, on January 4, the Shenzhen Stock Exchange issued a letter of concern to Zhejiang Tangde Film and Television Co., Ltd. (hereinafter referred to as Tangde Film and Television).Nine directors, supervisors and senior executives, including general manager Wu Hongliang and director Zhao Jian (note: Brother Zhao Wei), have expressed concern that their promise to increase their shareholding in listed companies by no less than 100 million yuan has not been fulfilled, and asked for clarification on whether there is any misleadingAnd the situation of defrauding investors.

The Shenzhen Stock Exchange also mentioned that Zhao Jian completed the shareholding reduction plan at the end of December last year without completing the commitment to increase the shareholding, and asked to explain the reasons for the shareholding reduction and whether there was any speculation in the stock price by disclosing the shareholding increase plan.

In fact, in addition to Zhao Jian, major shareholders such as Zhao Wei's former sister-in-law Chen Rong, former executive Li Zhao, and institutional investor Ruishi Growth also sold Tangde Film and Television stocks in a concentrated manner in the second half of 2018.In the case of weak performance, the successive sell-offs of major shareholders made the stock price of Tangde Film and Television even worse.As of the close on January 4, the market value of Tangde Film and Television has shrunk to 2.752 billion yuan, which has shrunk by more than 65% compared to the beginning of 2018.

Promised to increase holdings but failed to reduce holdings, attracting attention

Going back to July 2, 2018, Tangde Film and Television disclosed that nine directors and supervisors including controlling shareholder, actual controller, chairman and general manager Wu Hongliang, director Zhao Jian, director, deputy general manager and secretary of the board of directors Li LantianGao promises to increase his shareholding in the company within the next six months, with an increase amount of no less than 100 million yuan, and promises not to transfer the company's shares during the increase period and within six months after the completion of the increase.It is worth mentioning that Zhao Jian is also the elder brother of movie star Zhao Wei.

At that time, the stock price of Tangde Film and Television had dropped from about 20 yuan per share in early 2018 to 12 yuan per share.

Since then, Dong Jiangao's shareholding increase plan has not boosted investor confidence, and the stock price of Tangde Film and Television has been falling endlessly.In mid-December 2018, half a month before the expiration of the commitment to increase holdings, Tangde Film and Television stated that due to the large fluctuations in the capital market and the impact of public opinion in the film and television industry, the nine directors, supervisors and executives promised to increase their holdings.The progress of holding funds is lower than expected, and it is expected that the holding increase plan will not be completed within the originally scheduled increase period, and the increase period will be extended to April 30, 2019.At this time, the stock price of Tangde Film and Television has fallen to about 8 yuan per share.

In September 2018, Zhao Jian submitted a letter of notification of the shareholding reduction plan, saying that he would reduce his holdings of Tangde Film and Television shares by a quarter within three months, without fulfilling the commitment to increase the holdings as scheduled.The reason for the reduction is personal financing needs.Since then, Zhao Jian completed the shareholding reduction plan at the end of December 2018, reducing his holdings of 1.2 million shares of the company, accounting for 0.3% of the company's total share capital.

The promised increase in holdings was not fulfilled but was reduced, which aroused the attention of the exchange.On January 4, the Shenzhen Stock Exchange issued a letter of concern to Tangde Film and Television. In addition to requiring the disclosure of the progress of the implementation of the shareholding increase plan and the reasons for not increasing the shareholding as scheduled, it also asked the increaser to explain whether there was any increase when the shareholding increase plan was disclosed for the first time.Fully analyze and demonstrate the feasibility of increasing holdings, and whether there is any misleading or deceiving investors.

The Shenzhen Stock Exchange also asked to explain why Zhao Jian reduced his shareholding, whether he violated his commitments, and whether there was any situation of speculating the stock price by disclosing a plan to increase his shareholding.

The market value of Tang De Film and Television has shrunk by more than 60%

2018 can be called the year of Mercury retrograde in Tangde Film and Television - male and female leading actors have been plagued by negative news one after another, and Ba Qingchuan, who had once bet on the bet, was unexpectedly absent... As a company whose core competitiveness is TV drama productionThe company, the performance of Tang De Film and Television, which has no blockbusters in 2018, is not good.In the first three quarters of 2018, Tangde Film and Television's net profit fell by 17.77% year-on-year, and in the third quarter, the company's net profit fell by more than 80%.

In the secondary market, affected by events such as the Yin-Yang contract, the stock prices of film and television media stocks generally performed poorly, and Tangde Film and Television did not.As of the close on January 4, 2019, the stock price of Tangde Film and Television closed at 6.88 yuan per share, which has dropped by more than 60% compared to the price at the beginning of 2018.

The Choice financial terminal shows that on January 2, 2018, the total market value of Tangde Film and Television was 7.896 billion yuan. As of the close of January 4, 2019, the company's market value has shrunk to 2.752 billion yuan, a shrinkage of more than 65%.

The stock price has fallen, the market value has shrunk, and the major shareholders of Tangde Film and Television are also constantly reducing their holdings and selling them.Almost at the same time that Zhao Jian completed the shareholding reduction plan, Zhao Jian's ex-wife Chen Rong also proposed a plan to reduce Tang De's shares by no more than 4.8 million shares within three months.

In March 2018, Tangde Film and Television ushered in the lifting of the ban on the first restricted shares. Wu Hongliang, Li Zhao, Chen Rong, Zhao Jian and others who held the company's first restricted shares held a total of 129 million shares due to the expiration of the share lock-up period.share.

In addition to Zhao Jian and his ex-wife Chen Rong who have begun to sell off their holdings, Li Zhao, a former director and deputy general manager of the company, has reduced his holdings of 4.48 million shares of Tangde Film and Television through three major transactions in December 2018.1.12%, calculated based on the average price of 7 yuan per share for the reduction, the cash out is about more than 31 million yuan.

In addition, the Choice financial terminal shows that the fifth largest shareholder of Tangde Film and Television disclosed in the third quarterly report, the institutional investor Ruishi Growth Venture Capital Center also reduced its holdings of 7.01 million shares through a block transaction in July 2018, accounting for about 20% of the company's total share capital.1.75%.

(Every reporter Zhang Chunnan, intern editor Du Yi)