On this day, 31 years ago, on December 17, 1994 (November 15, 1994 in the lunar calendar), Dalian Wanda Boxing Club was established. On December 17, 1994, Dalian Wanda Boxing Club, the first boxing club founded by an enterprise in China, was announced for its establishment. Wanda Boxing Club, which aims to establish a first-class domestic boxing club in the short term, is an entity with independent legal personality under the supervision of Group Co., Ltd. It is economically responsible for its own profits and losses, independent accounting, and is managed strictly in accordance with the corporate model. Wanda Group and the club signed a three-year contract this time, and the group company allocated a one-time allocation of 300,000 yuan as the club's start-up capital. Amateur boxing is an official competition event in the Olympic Games, Asian Games and National Games. At that time, a total of 41 amateur boxing teams were established in various provinces, municipalities, autonomous regions and industry sports associations in China.