Universal Entertainment Culture (01046.HK): All claims and demands made by Chengdu Universal Bona against the Group and other defendants were rejected by the court

Gelonghui, April 8, 丨 Global Entertainment Culture (01046.HK) announced that the Group received a court ruling on the claim on April 3, 2024. According to the ruling, (1) all claims and demands made by Chengdu Global Bona against the Group and other defendants were rejected by the court; and (ii) Chengdu Global Bona was required to bear the processing fee of RMB 549,800. On the date of publication, the board of directors of the company confirmed that the ruling did not have any significant adverse effect on the general operation and financial situation of the Group. Shareholders and potential investors of the Company are requested to act prudently when trading the Company's securities.

Gelonghui FinanceApr 8 10:39 ET

UNIVERSE ENT: INTERIM REPORT 2023/2024

Futu NewsMar 20 06:01 ET · Announcements

Cathay Pacific Junan: AI video popularity heats up, and the film and television industry welcomes a transformation point

The startup Lighttricks released LTX Studio, an AI-driven video generation and editing software on March 1, 2024. Channel companies, content production, IP and marketing companies are expected to benefit.

Zhitong FinanceMar 3 18:59 ET

Universal Entertainment Culture (01046.HK) changed about HK$52,000 from loss to profit in the medium term

Gelonghui, Feb. 28 | Global Entertainment Culture (01046.HK) announced that for the six-month period ended 31 December 2023, the Group recorded revenue of approximately HK$296.4 million (previous period: approximately HK$36.3 million) and profit of approximately HK$52,000 (previous period: loss of approximately HK$28.0 million). The Group's performance for the current period improved compared to the previous period, mainly due to: (i) the significant increase in revenue and contributions from the video distribution, film distribution and screening, grant and transfer of film copyright business segments during the period. During this period, with the novel coronavirus outbreak in China and China

Gelonghui FinanceFeb 28 08:09 ET

寰宇娛樂文化：截至二零二三年十二月三十一日止六個月之中期業績公佈

Futu NewsFeb 28 08:04 ET · Announcements

Universe Entertainment and Culture Might Return to Profit in 2023

Universe Entertainment and Culture Group (HKG:1046) said it expects between a HK$5 million loss and a HK$5 million profit for the six months through December 2023, as compared to a HK$28 million loss

MT NewswiresFeb 7 06:22 ET