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Huayi Tencent Entertainment Co., Ltd. (Huayi Tencent Entertainment, HKSE: 00419) is a new media business company combining culture and entertainment. It invests in and produces high-quality content such as movies, animations, TV series, etc., and mergers, acquisitions, and resource integration of international entertainment companies to build a comprehensive platform integrating content production and online and offline entertainment channels. Currently, the major shareholders of Huayi Tencent Entertainment are Tencent (HKSE: 00700) and Huayi Brothers (SZSE: 300027). Through the rich resources of Tencent and Huayi Brothers in the content and new media business, Huayi Tencent Entertainment actively seizes international investment opportunities, such as investing in Hollywood and Korean production projects. In 2016, the Group announced the acquisition of HB Entertainment, a well-known Korean entertainment and brokerage company; and signed a cooperation framework agreement with Huayi Brothers in 2019, fully demonstrating the synergies between the Group and the controlling shareholder's business. The content projects invested by the Group all recorded excellent results. “Sky Castle” (also known as “Sky Castle”), produced by HB Entertainment and broadcast in Korea at the end of last year, set a record for the highest ratings of 23.8% in the region. “Victory” and “Sherry” hit Netflix and Apple TV+ in early 2021, respectively, to meet global audiences.