We are an operator of high-end cinemas in southern China. (Incorporated in the Cayman Islands)

Since we commenced our business in 2012, we have been developing and operating cinemas on leased commercial properties and generating revenue mostly from ticket sales for motion pictures screened in our cinemas, concession sales of food and beverages as well as related movie-based merchandise at our cinemas. We believe that our audiences are attracted to our cinemas by the films we exhibit, the locations of our cinemas and the overall entertainment experience we offer. Our cinemas are located in major commercial districts and residential areas and provide our audiences with facilities and features such as stadium seating and state of the art projection and sound technologies.

As of the date of this prospectus, we have four cinemas in operation under our IDC International Cinema brand name through Guangzhou Star Dream, which are IDC Panyu, IDC Baiyun, IDC Zhongshan and IDC Sanya with a total of 31 screens and 4,247 seats. We joined two cinema circuits, Guangzhou Jinyi Zhujiang Cinema Line Co., Ltd. (“Guangzhou Jinyi Zhujiang”) and Huaxia Film Distribution Co., Ltd. (“Huaxia Film”), to obtain film prints and exhibition rights for screening at our cinemas, according to cinema circuit franchise agreements.

We also have three cinemas under construction, which are IDC Zhuhai, IDC Zengcheng and IDC Nanning, with an expectation of a total of 26 new screens and 2,850 new seats. Due to the COVID-19 pandemic, the construction of the shopping malls in which our new cinemas will be located has been delayed, and currently we do not have anticipated opening dates for these three new cinemas.  

The cinemas we operate are all multiplexes, which are essentially complexes integrated into shopping malls with multiple screens that allow for simultaneous screenings of different movies, thus offering cinema attendees a wider range of movie selection, including 3D releases. Except for IDC Baiyun, which is located in a residential area in Baiyun district of Guangzhou City, all our cinemas are situated in the midst of busy commercial districts with ease of pedestrian and vehicular access. 

**Note: Net loss and revenue figures are in U.S. dollars for the 12 months that ended Dec. 31, 2023.

(Note: Cine Top Culture Holdings Ltd. cut the size of its IPO to 3.75 million shares – down from 4.6 million shares – and kept the assumed IPO price at $4.00 – to raise $15.0 million, according to an F-1/A filing dated June 7, 2024. In that filing, Cine Top Culture updated its financial statements through year-end 2023 and disclosed that it has named EF Hutton as the sole book-runner to replace Pacific Century Securities.)

(Note: Cine Top Culture Holdings Ltd. filed an F-1/A on Dec. 5, 2022, in which it changed its sole book-runner to Pacific Century Securities from Univest Securities. The IPO’s terms – 4.6 million ordinary shares at $4.00 per share – remained the same. Cine Top Culture Holdings Ltd. filed its F-1 (prospectus) on July 11, 2022; it filed confidential IPO paperwork on Jan. 24, 2022.)