HIM International Music Lists on the OTC Market, Not Pessimistic About the Future

HIM International Music held its listing ceremony yesterday, officially listing on the OTC market at 108 yuan, opening with a gap up at 180 yuan, reaching an intraday high of 188 yuan, surging over 70%, kicking off a honeymoon rally. Ho Yen-ling, President of HIM's Greater China region, said future expansion in the mainland will only increase, and looking ahead to next year, there is no right to be pessimistic.

At the HIM listing, in addition to Chairman Lu Yen-ching and Greater China President Ho Yen-ling attending, the label's artists PopuLady also performed song and dance on site, setting a new record for the first listing ceremony since the establishment of the GreTai Securities Market to invite artists to perform.

Regarding the mood of the listing, Ho Yen-ling said, "I'm quite excited," because Taiwan's pop industry has faced many challenges since 1990, and through constant effort, HIM passed difficult and strict reviews, which is a very positive thing for the industry. If HIM can have its day of listing on the OTC market, other businesses will also have their day.

Ho Yen-ling said the mainland has always been a very important market for HIM, and the company has operated and laid groundwork there for quite a long time. In the future it will do more and discover more new talent both in front of and behind the scenes.

HIM's copyright licensing revenue accounts for about 20%, artist management and performances about 60%, and other revenue comes from physical records. HIM spokesperson Li Shou-hsien stated that aside from records, which may find growth difficult, the other two are growth drivers. The financial figures over the past 3 years have been stable, and the company will continue to work hard in the future, "with no right to be pessimistic." He also hopes that in the area of intellectual property rights, there can be more protection and regulation, and hopes the government and the Ministry of Culture can provide more assistance.

Regarding the possibility of merging with peers, Ho Yen-ling said she hopes for peers with the same philosophy and ideas, but it depends on whether the timing and fate have arrived. There are many cooperation models that can be further explored.

Ho Yen-ling said that after the company's listing, she hopes more artists will become shareholders of the company. Aside from HIM artist SHE voluntarily disclosing that they are shareholders, whether other artists are also shareholders involves personal privacy and will not be disclosed.