BEIJING, Dec. 21, 2015 /PRNewswire/ -- On December 20, 2015, the Board of Directors of Bona
Film Group Limited ("Bona" or the "Company") (NASDAQ: BONA)
approved a waiver of the Company's Code of Business Conduct and
Ethics ("Code"), such that the trading period permitting Insiders,
as defined in the Code, to purchase or sell any security of the
Company will be extended to the close of trading on December 31, 2015. The Code and trading policy
thereunder otherwise remains in effect.
According to the Code, beginning on December 20 of each fiscal year, no Insider shall
purchase or sell any security of the Company until the close of
trading on the second trading day on NASDAQ following the date of
the Company's release of its audited financial results for the
fiscal year ended on December 31 of
the prior year.
The waiver was granted because the Company will become a
privately-held company, will not be listed on NASDAQ and will not
be required to file its annual report on Form 20-F with audited
financial results of the Company for the fiscal year ended
December 31, 2015 if the transactions
contemplated under the definitive merger agreement for the going
private transaction announced on December
15, 2015 are completed. Because the merger may be completed
before the due date for the Company to file its annual report on
Form 20-F with audited financial results of the Company for the
fiscal year ended December 31, 2015,
the Company does not expect to release audited financial results
for the fiscal year ended December 31,
2015. Without the waiver of the Code to extend the trading
period to December 31, 2015, there
would not be an opportunity for an Insider to purchase or sell any
security of the Company from December 20,
2015.
"Insiders" under the Code include officers, directors, employees
and consultants of the Company and its subsidiaries or any
consolidated entities or any other person or entity (a) over which
an individual mentioned above exercises influence or control of its
investment decisions, or (b) which effects a transaction in the
Company's securities, which securities are in fact beneficially
owned by any of the individuals mentioned above.
About Bona Film Group Limited
Bona Film Group Limited (NASDAQ: BONA) is a leading film
distributor in China, with an
integrated business model encompassing film distribution, film
production, film exhibition and talent representation. Bona
distributes films to Greater
China, Korea, Southeast
Asia, the United States and
Europe, invests and produces
movies in a variety of genres, owns and operates thirty movie
theaters and manages a range of talented and popular Chinese
artists.
For more information about Bona, please visit
http://www.bonafilm.cn.
To be added to Bona's email list to receive Company news, please
send your request to bona@tpg-ir.com.
Safe Harbor and Informational Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "if," "will," "expect," and
similar statements. Forward-looking statements involve inherent
risks, uncertainties and assumptions. Risks, uncertainties and
assumptions include: uncertainties as to how the Company's
shareholders will vote at the meeting of shareholders in the going
private transaction; the possibility that competing offers will be
made; the expected timing of the completion of the merger; the
possibility that various closing conditions for the going private
transaction may not be satisfied or waived; and other risks and
uncertainties discussed in documents filed with the SEC by the
Company, as well as the Schedule 13E-3 transaction statement and
the proxy statement to be filed by the Company. These
forward-looking statements reflect the Company's expectations as of
the date of this press release. You should not rely upon these
forward-looking statements as predictions of future events. The
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For more information, please contact:
In
China:
|
In the
U.S.:
|
Peng Li
|
The Piacente Group,
Inc.
|
Bona Film Group
Limited
|
Investor
Relations
|
Tel:
+86-10-5631-0700-398
|
Don
Markley
|
Email: ir@bonafilm.cn
|
Tel: (212)
481-2050
|
|
Email: bona@tpg-ir.com
|
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SOURCE Bona Film Group Limited