In July last year, Qingdao West Coast Holdings Development Co., Ltd., a wholly-owned subsidiary of West Coast Development Group, won a 7.61% stake in Beijing Culture. Since West Coast Holdings held shares last year, it has become its second-largest shareholder. As far as state-owned assets are concerned, while the takeover film and television company inject new vitality into the film and television company, it is also good medicine for its own development. Taking a share in a film and television company is an effective way to build the influence of state-owned brands, and diversified business backgrounds will also increase the competitive weight of state-owned enterprises.

△SCO National Film Festival

QingDao Movie Studios is a domestic first-class film and television industrialization base. Many films produced by Beijing Culture are shot and produced here. West Coast Development Group's equity participation in Beijing Culture is due to the high degree of industrial integration between the two parties and the capital linkage. After the equity participation, it can not only actively promote the implementation of its related businesses in Qingdao, but also complement the film and television industrial production chain of QingDao Movie Studios, and form an industrial collaboration linkage effect. Through the responsibility of state-owned assets, they can guide them to further optimize the corporate governance structure, improve the standard operation level, strengthen the social responsibility of public companies, and continue to provide content, quality, stories, and meaningful film and television works.

△Qingdao Film Museum

△Qingdao Film and Television Location

West Coast Development Group continues to extend and improve the film and television cultural industry chain to create a destination for film and television culture and tourism, and to polish the film and television festival brand. The group successfully held major film and television festivals such as the Shanghai Cooperation Organization National Film Festival and Qingdao International Film and Television Expo and launched the first domestic film and television post-production industry "Golden Seagull" award. It helped Qingdao to bid for the only "movie capital" in China and the ninth in the world, and built the first Qingdao Film Museum to be operated under the name of the city, which became a beautiful business card of Qingdao's "movie journey". QingDao Movie Studios has gradually changed from a film park with "first-class film and television hardware facilities, an integrated film and television service system and preferential film and television policies in line with international standards" to a film and television industry cluster highland with "a complete industrial chain and supply chain".

△China Radio and Television 5G High-tech Video Experimental Park

△Qingdao Film Academy

△5G high-tech video party-building education base

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△ Film and television location