WANDA HOTEL DEV (00169) subsidiary plans to acquire 49% stake in Vampire Squid Productions.

WANDA HOTEL DEV(00169) announced on October 31, 2025 (after the Hong Kong trading hours) that its indirect non-wholly-owned subsidiary, Wanda Chicago, has entered into an agreement with CPE. Under this agreement, Wanda Chicago has agreed to acquire 49% equity interest in the target company, and CPE has agreed to sell it. As part of the exchange, Wanda Chicago will transfer, assign, and sell its rights, title, and interests in the sold apartment units to CPE according to the terms and conditions of the agreement. The target company Vampire Squid Productions Limited is a limited company registered and established in the UK. As of the date of this announcement, Wanda Children and CPE respectively own 51% and 49% equity interest in the target company, which mainly engages in issuing television production licenses to broadcasters. The sold apartment units include 16 units in a building located at 363 E. Wacker Drive, Chicago, Illinois 60601, whose ownership rights were transferred to the group after the mortgage under the Chicago project was enforced on December 30, 2024. The company has been seeking buyers for 37 apartment units (now held by Wanda Chicago due to the enforcement of the mortgage under the Chicago project). The target company, as the operating entity of the "The Octonauts" IP, possesses strong intellectual property resources. Through this transaction, the company is able to venture into the popular cultural intellectual property operation field, break through traditional business boundaries, and achieve business diversification and expansion. This transaction is also in line with the company's initial plan to seek and identify suitable investment opportunities in the cultural tourism industry both domestically and internationally.