Chapter 574

On March 13, Chenfei Media completed its registration and incorporation in Beijing, as the two studios officially merged into the new company. Beijing Chenfei Media Co., Ltd. was established with a registered capital of 10 million. Lu Chen served as the legal representative, Chen Feier as chairwoman, and Lu Xi as general manager. The three held 45%, 45%, and 10% of the shares respectively, with the company headquarters located at Building C17 of the Beijing New Era Art Center. Simultaneously, the official verified accounts of both studios on Langchao Blog were cancelled, and the official verified account of Chenfei Media was launched concurrently, with its follower count surpassing the one-million mark on its very first day.