Huayi Tencent Entertainment Company Limited announced that it partners with Huayi Brothers, the company's parent company, to jointly invest in and produce Moonfall, a Hollywood science fiction epic to be directed by Roland Emmerich, and has obtained the distribution right of the movie in China. Moonfall will be jointly produced by Roland Emmerich, director of 2012, The Day After Tomorrow and Independence Day series, Centropolis, Street Entertainment, Huayi Brothers and Huayi Tencent Entertainment. The story narrates that the moon is driven out of orbit by a mysterious force and collides toward the Earth, bringing doomsday to the Earth due to gravitational imbalance.

Amid desperation, a seemingly disorganized squad decides to fight the final battle to protect the Earth and human kind. The movie has achieved outstanding sale records in the 72th Festival de Cannes in 2019. AGC Studio will be responsible for its international sale, with Lionsgate seizing the distribution right in North America.

The Group and Huayi Brothers have secured the distribution right in China. Shooting of the movie will start in this year. The Company entered into a cooperation framework agreement with Huayi Brothers in May 2019 to strengthen investment and distribution synergy, facilitating the Group's outstanding achievements in movie and entertainment industry in China and around the globe.

Following the investments and developments in the past two years, the Group anticipates that 3 to 4 movies will be released globally in this year, which is expected to motivate the substantial boost of revenue and scale of the Group's entertainment and media business.