HUANXI MEDIA (01003) had previously suffered consecutive heavy losses, with cumulative stock price decline exceeding 55% from July 28 to August 19. The stock rebounded over 30% today, rising 28.69% to HK$0.305 at the time of writing, with trading volume of HK$11.7747 million.

On the news front, HUANXI MEDIA's co-invested film "The Case of Jiang Yuan Lane" is officially scheduled to premiere exclusively on Tencent Video on August 22, having been released in theaters on June 21 this year. According to professional box office data, "The Case of Jiang Yuan Lane" has accumulated a total box office of 375 million yuan, with a current Douban rating of only 5.7 points.

Additionally, the company's another self-produced film "The Stage" was officially released on July 25, with current total box office reaching 397 million yuan.

Notably, on July 27, HUANXI MEDIA announced that Dong Ping had resigned from his position as executive director due to personal arrangements, effective from July 27, and simultaneously ceased to serve as chairman and director of all subsidiary companies, but continues to serve as chairman of the group's director and artistic guidance committee, providing guidance for the group's film and television production from time to time.

The company appointed 47-year-old Hu Hui as executive director, who is the producer of the company's recent blockbuster films "The Stage" and "The Case of Jiang Yuan Lane". Hu Hui has served as general manager of Beijing Huanxi Premiere Culture, a wholly-owned subsidiary of the group, since 2014, is familiar with group operations, and has been producer of multiple films including "The Stage," "The Case of Jiang Yuan Lane," and "Full River Red."