WANDA HOTEL DEV's subsidiary plans to acquire a 49% stake in Vampire Squid Productions

According to the announcement from Wanda Hotel Development (00169), on October 31, 2025 (after the Hong Kong trading session), the company's indirectly non-wholly-owned subsidiary Wanda Chicago entered into an agreement with CPE, under which Wanda Chicago has agreed to acquire and CPE has agreed to sell a 49% stake in the target company. In exchange, Wanda Chicago will transfer, convey, and sell its rights, title, and interest in the sold apartment units to CPE in accordance with the terms and conditions of the agreement.

The target company, Vampire Squid Productions Limited, is a limited company registered and incorporated in the UK, and as of the date of this announcement, is owned 51% by Wanda Children and 49% by CPE. It primarily engages in the business of issuing television production licenses to broadcasters. The sold apartment units include 16 apartment units located at 363 E. Wacker Drive, Chicago, Illinois 60601, the ownership and title of which will be delivered to the group after the enforcement of the mortgage on the Chicago project on December 30, 2024.

The company has been seeking buyers for 37 apartment units (currently held by Wanda Chicago, arising from the enforcement of the mortgage on the Chicago project). The target company, as the IP copyright operator of the "Octonauts," possesses strong intellectual property resources. Through this transaction, the company can enter the popular cultural intellectual property operation field, break through traditional business boundaries, and achieve business diversification and expansion. This transaction is also consistent with the company's initial plan to seek and identify suitable investment opportunities in the domestic and international cultural tourism industry