The National Copyright Administration issued a state

tement Friday morning saying a campaign will be launched to regulate the image copyright market.

The administration said it attaches importance to copyrigh

t protection and protects owners’ legal rights, and companies sh

ould establish a mechanism to safeguard rights appropriately according to laws, not abusing them.

The image company was founded in June 2000 and in 2014 it was listed on China’s A-share

market. In the first three quarters of 2018, the company achieved revenue of 700 million yuan ($104.18 million).

Some have questioned the company’s use of copyright lawsuits. One company faced more t

han 4,200 lawsuits from Visual China Group, and more than 3,900 cases were decided.

According to a plan, the company would release 388 million restricted

shares on Friday, equal to 10.33 billion yuan. The share price has plunged sharply on Friday.

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