Gelonghui, December 16 | Yingfangwei (000670.SZ) announced that Shenzhen Huaxinke Technology Co., Ltd. (hereinafter referred to as “Huaxinke”), the holding subsidiary of the company's wholly-owned subsidiary Shanghai Yingfang Microelectronics Co., Ltd. (hereinafter referred to as “Shanghai Yingfangwei”), and other shareholders of World Style Technology Holdings Limited (hereinafter referred to as “World Style”), and other shareholders of the company, Shaoxing Shangyu Yuxin Equity Investment Partnership (limited partnership) (hereinafter referred to as “World Style”) “Yu Xin Investment” for short) and Shanghai Ruiyi Communications Equipment Partnership (Limited Partnership) (hereinafter referred to as “Shanghai Ruiyi”) intend to transfer 39% of the shares and 10% of the underlying company's shares to Shanghai Jingyu Investment Management Co., Ltd. (hereinafter referred to as “Jingyu Investment”) at transaction considerations of 583.44 million yuan and 149.6 million yuan respectively. Shanghai Yingfang Wei plans to relinquish the preferential transfer of 49% of the shares of the target companies mentioned above. Currently, the company holds 51% of the shares in the target company through its wholly-owned subsidiary Shanghai Yingfangwei. After the above share transfer, it will not cause a decrease in the company's share ownership ratio or a change in the scope of the consolidated statement.
Jingyu Investment does not hold shares in the company. It is another enterprise controlled by the actual controller of Zhejiang Shunyuan Enterprise Management Co., Ltd. (hereinafter referred to as “Shunyuan Enterprise Management”), the largest shareholder of the company, and Shunyuan Enterprise Management indirectly holds 15% of its shares. According to the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules”, Jingyu Investment is a legal entity related to the company, and this transaction constitutes a related transaction.