Lin Chun and Shanghai Suo'ersi Business Consulting Co., Ltd. acquired Fuzhou 498 Network Technology Co., Ltd from Wutong Holding Group Co., Ltd..
October 20, 2022
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Lin Chun and Shanghai Suo'ersi Business Consulting Co., Ltd. acquired Fuzhou 498 Network Technology Co., Ltd from Wutong Holding Group Co., Ltd. (SZSE:300292) on October 19, 2022. Post acquisition, Lin Chun holds 65% stake and Shanghai Suo'ersi Business Consulting Co., Ltd holds 35% stake in Fuzhou 498. On October 19, 2022, Agreement between Wutong Holding Group Co., Ltd to acquire a 90% stake in Fuzhou 498 Network Technology Co., Ltd. from Lin Chun and Shanghai Suo'ersi Business Consulting Co., Ltd. have been terminated.
Lin Chun and Shanghai Suo'ersi Business Consulting Co., Ltd. completed the acquisition of Fuzhou 498 Network Technology Co., Ltd from Wutong Holding Group Co., Ltd. (SZSE:300292) on October 19, 2022.
Wutong Holding Group Co Ltd, formerly Jiangsu Wutong Communications CO., LTD, is mainly engaged in the manufacture and distribution of wireless communication radio frequency (RF) connection systems and mobile terminal products. Its wireless communication RF connection systems include RF connecting devices, connection structures and passive devices. Its optical fiber connecting products include optical fiber connectors, optical splitters and couplers, optical fiber distribution frames, fiber boxes and others. The Company also provides antennas, coaxial cables, mobile terminal products and others. The Company distributes its products within domestic market and to overseas markets.
WUTONG HOLDING GROUP CO., LTD. 
