The company said in a message on the Write On forums, “While we have been proud over the last few years to have brought together such a vibrant, active, and creative community, unfortunately we will be closing Write On’s doors on March 22. After this date, access to Write On will be unavailable.”
The company's gross merchandise volume for the three months achieved a year-to-year growth of 21.7 percent, and reached 47.6 billion yuan.
The company will advance the subsidiary's reform of its salary distribution system, profoundly implement classified assessment and differentiated distribution, actively explore the implementation schemes for employee stock ownership, stock option incentives and equity dividends, and promote mixed ownership pilot reform in business segments or subsidiaries where conditions are appropriate.
The company said it will continue investing in AI, big data, autonomous driving and smart city construction to support the development of Zhuhai's smart sector in the upcoming years.
The company said it took only the last two years for its new cartoon series Super Wings to become a global hit across more than 70 countries and regions, especially in Indonesia, Turkey, France and the Middle East.
The company is said to have provided insurance to about 50 percent of Hollywood blockbusters such as the James Bond movies and the Fast and Furious series of films, to ensure their production is completed without a hitch despite possible emergencies, according to Allianz.
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The compensation amounts in civil disputes were also elevated to new heights, the white paper said.
The company, which has already been listed on New York's Nasdaq for five years, plans to sell 12.5 million shares reserved for retail investors at no more than HK8 apiece, according to a prospectus filed with the Hong Kong Stock Exchange on Friday.
The company raked in about 31 billion yuan (about .5 billion) in net revenue in 2018, up 16 percent year on year, according to its unaudited financial report released Tuesday.
The company said it did not rule out the possibility of seeking independent financing and being listed in the future, but added there were no detailed plans at present.