Shanghai Film Art Academy Invested by IDG-Everbright M&A Investment Fund Acquires 5-Year Exclusive Rights to Host Venice Film Festival's Asia-Pacific Unit

Sep 02, 2016 17:47 JST

Source: China Everbright Ltd

HONG KONG, Sep 02, 2016 - (ACN Newswire) - China Everbright Limited ("CEL", stock code: 165.HK) announced that the Shanghai Film Art Academy ("Film Academy" or "Academy"), in which CEL's IDG-Everbright Industry Fund ("the Fund") has a controlling stake, participated in the Venice Film Festival as exclusive hosts of the "Asia-Pacific Film Art Unit" for a period of five years.

In conjunction with their agreement with the Venice Film Festival, CEL and the Academy have jointly unveiled the establishment of an international film hub in Shanghai. The Academy has also entered into an alliance with ANICA, Italy's film industry association, as strategic partners. In addition, the Academy's principal, Mr Jiang Po, was presented with a Special Contribution Award at the Venice Film Festival.

The Venice Film Festival, Cannes International Film Festival in France and Berlin International Film Festival in Germany are the three biggest events of their kind in Europe. Inaugurated in 1932, the Venice Film Festival is the first and oldest in the world. It has become known as the birthplace of many great filmmakers, and it is regarded as the most artistically accomplished among the three major European festivals.

The collaboration is part of CEL expansion into China's film and cultural education industries. Mainland box office reached a total of RMB44 billion in 2015, making the country the world's second-largest film market. The rapid development of China's film industry has been attracting capital from Europe and the US, and CEL said it intends to also help bring Chinese capital and film culture to the international film market.

About China Everbright Limited
China Everbright Limited ("CEL", stock code: 165.HK) is the largest overseas financial platform of China Everbright Group Ltd. ("Everbright Group"). It is the second largest shareholder of Everbright Securities (stock code: 601788.SH, 6178.HK) and a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK), the controlling shareholder of the Hong Kong-listed China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK) , the largest shareholder of Shanghai Jiabao Industry & Commerce (Group) Co., Ltd (stock code: 600622.SH), and the second largest shareholder of the Singapore-listed Ying Li International Real Estate Limited (stock code: 5DM. SGX). As at end-June 2016, CEL managed 33 funds with total fundraising amount of more than HK$67.8 billion. Everbright Group, the parent company of CEL, is a state-owned financial conglomerate with AUM of approximately RMB3,000 billion as at end-2015. For more information about CEL, please visit www.everbright165.com.

About the Shanghai Film Art Academy
The Shanghai Film Art Academy is a full-day fine arts institute of higher learning founded in December 2003. Approved by the Ministry of Education, the Ministry of Culture and the Shanghai Municipal Government, it is China's second independent educational institution dedicated to the study of film. The Academy is located in the Zhangjiang Hi-Tech Park in Pudong, Shanghai, and offers 15 specialist fields such as film art, animation games and digital design. Currently it has nearly 3,000 students.

As the Ministry of Culture's jointly founded pilot institution of higher art education, the Academy's mission is to enhance its students' knowledge, abilities and quality. The Academy emphasises the integration of art and technology with a curriculum that combines learning and production. It focuses on practical teaching, and its primary goals are applying skills and nurturing artistic talent. The Academy also seeks to expand its talent pool by internationalising its campus.

Now in its 12th year, the Academy and its specialised fields have achieved stellar growth. It has evolved into a unique fine arts school bustling with artistic and creative energy, with focused goals and exceptional results. It has also become a centre for nurturing modern digital art talent, and an important base for harmonious cultural creation and dissemination. Please visit at http://www.shfilmart.com.

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