XXXXXXXX MEDIA GROUP. LIMITED SMGL which is incorporated in Hong Kong and together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd. SMGL, through its full-service talent agencies in Korea, represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artistes as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows, and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. Based on the audited financial statements of SMGL for the full year ended 31 December 2017, the profit before tax of the SMGL was US$269,560 and the net tangible asset and net asset value of SMGL as 31 December 2017 was US$7.9 million and US$12.7 million respectively.
XXXXXXXX MEDIA GROUP. LIMITED SMGL, a 24.53% associated company of the Company which was incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management. SMGL manages over 60 artistes including some of the top names in the Korean entertainment industry and operates its talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., Fiftyone K Inc., SBD Entertainment Inc., UL Entertainment Co., Ltd., and Kook Entertainment Co., Ltd. SMGL, through its full-service talent agencies in Korea, represents and guides the professional careers of a leading roster of over 60 award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artistes as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows, and TV dramas. Based on the unaudited financial statements of SMGL for the financial year ended 31 December 2016, the profit before tax of the SMGL for FY2016 was US$0.86 million and the net tangible asset and net asset value of SMGL as at 31 December 2016 was US$7.13 million and US$11.61 million respectively.
XXXXXXXX MEDIA GROUP. LIMITED SMGL, a 26.17% associated company of the Company which was incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd. SMGL, through its full-service talent agencies in Korea, represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artistes as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows, and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. Based on the unaudited financial statements of SMGL for the 3 months ended 30 June 2017, the profit before tax of the SMGL was US$903,959 and the net tangible asset and net asset value of SMGL as 30 June 2017 was US$7.37 million and US$12.09 million respectively.
