China Media Inc. Announces Resignation of Shengli Liu as Board Director
June 28, 2016 at 06:08 am EDT
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On May 27, 2016, Shengli Liu resigned from the positions of board director and any other position he holds in China Media Inc, effective immediately. Shengli Liu's resignation was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices.
China Media Inc. is a producer of feature-length film, television series and documentary. As of June 30, 2016, the Company had produced one feature-length film, 11 television series and one documentary. Each series has a definite lifetime of anywhere from 10 to 50 episodes, at which point the series ends and a new one is developed. The new series may be based on previous ones, but the development of a new series does not follow the same type of recurring seasonal structure as in North America. The Company conducts its primary business operations through its subsidiary, Vallant Pictures Entertainment Co., Ltd., which in turn, conducts its business through Xi'an TV Media Co. Ltd. (Xi'An TV). Xi'An TV is in the business of investing, producing and developing film and television programming for the Chinese market.