Thursday, April 11, 2024 9:04:04 AM
“58-page business report filed with OTC. Company conducting GAAP accounting to capture of 240 million Chinese Yuan (equivalent to $34 million USD) in previous years to acquire the cinema portfolio”..
“Key Takeaways
The company has currently acquired 12 movie theaters and 3 more under acquisition, located in major cities in China.
The company employs a total of 139 employees at the headquarters and various theaters.
The company is planning to acquire 50 cinemas by the end of 2024; and expand to 150 in 2025; and reach 500 in 2028. At the same time, through independent research and development of AI technology.
The company is expected to manage 1,000 franchised cinemas in 2025-2026, becoming China's leading cinema chain brand.
The company's goal is to achieve 70% market share.”
https://www.newsfilecorp.com/release/205066/SportsQuest-Inc.-SPQS-Releases-Full-China-AI-Disclosure-Filing-Updated-Business-Plan?utm_source=dlvr.it&utm_medium=twitter
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