Wang Sicong established a new film and television company with a registered capital of 1 million RMB

According to Tianyancha, Ningbo Jiaoyang Film and Television Culture Co., Ltd. was established on June 24, with Wei Xiangdong as the legal representative and a registered capital of RMB 1 million. The business scope includes radio and television program production and operation; film distribution; performance agency; animation and game development; clothing and apparel wholesale, etc.

Equity penetration information shows that the company is wholly owned by Shanghai Banana Project Film and Television Culture Co., Ltd., whose largest shareholder is Wang Sicong, with a shareholding ratio of approximately 87%.

Shanghai Banana Project Film and Television Culture Co., Ltd. was established in October 2015 with a registered capital of RMB 10 million. Its business scope includes film and television planning; film and television cultural information consulting; film distribution; project investment (except equity investment and equity investment management); investment management, etc. According to previous news reports, "Banana Project" is a pan-entertainment group that includes electronic games, film and television companies, and entertainment culture, and "Banana Film and Television" is an important part of it.