Huanrui Century responded that Yang Zi will not renew his contract: a single artist has little effect on the company

Securities Times e company news, at the online collective reception day event held today, Huanrui Century (000892) responded to the news that Yang Zi officially announced that the 6-year contract with Huanrui Century had expired and would not be renewed recently. In three years, the company’s single artist’s highest income accounted for 6.07% of the company’s total operating income, and Ms. Yang Zi’s income accounted for less than 5% of the company’s total operating income; a single artist had little impact on the company. The “Artist One” disclosed in the company’s 2019 and 2020 annual reports is not Yang Zi. The company has always maintained contact and cooperation with outstanding actors and actresses in the industry, and it will be the same in the future.