Film production company Crimson Forest Entertainment Group Inc. and distributor Hannover House, Inc. have announced plans to combine operations under a stock-swap and financing plan, scheduled for effect May 1. Under the new structure, the company plans to launch production activities on a slate of high profile feature films, starting with a $20M dollar action thriller Shockwave starring Andy Lau and Jiang Wu. The film will be co-released together with CMC Pictures in North America next month. Formed in 2010, Crimson Forest has financed and acquired films including Pali Road, a Hawaii-China co-produced film that starred Jackson Rathbone, Sung Kang, and Henry Ian Cusick. Hannover House, established in 1993, has released more than 50 films titles such as Grand Champion with Bruce Willis, Julia Roberts and George Strait and director Joel Schumacher’s teen angst thriller Twelve, starring Curtis “50 Cent” Jackson, Emma Roberts, Ellen Barkin and Chase Crawford.