Chiyuan Deng, CEO of AB International Group (OTCMKTS: ABQQ), purchased 3,300,000 shares of ABQQ on July 19, 2021 at an average price of $ 0.08 per share and the total cost of the purchase was $ 264,000.
The company, an intellectual property and film investment and licensing company, also announced updates on the progress of its films.
Ab International Group confirms Love Over the World will be off the shelves by the end of May and box office revenue is $ 2.4 million. The film will now generate revenue through licenses to TV networks and online streaming platforms in China. It will soon be broadcast on abqq.tv for the world market.
Second, the distributor with “Our Treasures” has reached a definitive agreement with the Hua Xia Film Group, the nationwide distributor in China, to show the film in theaters until August 1, 2021.
The finished film “Confusion” has been announced by the state authority and is progressing with the screening license procedure. The distributor is aiming for a nationwide theatrical release as soon as it receives the license.
Finally, the finished ‘On the Way’ with TikToks KOL Tian Xiaoxiao will present the ongoing procedures for film approval and will later apply for a screening license. ABQQ plans to work with distributors for nationwide screenings in cinemas.