CEO of AB International Group (OTCMKTS:ABQQ), Chiyuan Deng purchased 3,300,000 shares of ABQQ on 19th July, 2021 at average price of $0.08 a share and the total purchase cost was $264,000.
The company, an intellectual property and movie investment and licensing firm also announced updates of progress of its movies.
Ab International Group confirmed on ‘Love Over the World’ being off shelves by May end and box office revenues being USD$2.4 m. The movie will generate revenues through licensing to TV network as well as online streaming platforms in China as of now. It will broadcast on abqq.tv for global market very shortly.
Secondly, ‘Our Treasures’, the distributor has implemented definitive agreement with Hua Xia Film Group, the nationwide distributor in China for distributing the film to screen on cinemas by 1st August 2021.
Its completed film “Confusion” has been announced by state authority and is moving ahead with procedure of screening license. Distributor will be aiming for nationwide cinemas release once it gets the license.
Lastly, its ‘On the Way’, which is complete and has TikTok’s KOL Tian Xiaoxiao, is presenting going ahead on processes of film approval and will be later applying for screening license. ABQQ is planning to cooperate with distributors for screening on cinemas nationwide.
