Bona Film Group Limited ("Bona" or the "Company") (Nasdaq:BONA), a film distributor and vertically integrated film company in China, today announced that the Company was added to the NASDAQ Golden Dragon China Index (Nasdaq:HXC) (the "Index") effective December 23, 2013.
The Index, which is rebalanced quarterly, is designed to provide insight and access to the unique economic opportunities taking place in China while still providing the transparency offered with U.S. listed securities. The NASDAQ Golden Dragon China Index includes companies that conduct the majority of their business within the People's Republic of China, are listed on the Nasdaq Stock Market, the New York Stock Exchange or NYSEArca and have a market capitalization greater than $100 million.
"The Chinese film market is growing rapidly and Bona's business model is well-positioned to contribute to and benefit from continued progress in the industry. Additionally, the strategic investments made by 21(st) Century Fox and Fosun Group in our Company, as well as the launch of our RMB 1 billion film fund to support Bona projects for the next two years have been well received by investors and instill confidence in our business going forward. Our addition to the NASDAQ Golden Dragon China Index signifies the opportunity that lies ahead for our Company, and we believe our addition to the Index will help to further increase awareness of BONA shares among investors," said Mr. Yu Dong, Founder, Chairman and CEO of Bona.