Hubei Changjiang Zhaoyin Wenchuang Equity Investment Fund Partnership (Limited Partnership), Zhuhai Delun Equity Investment Fund (Limited Partnership) partnership, Shaoxing Keqiao District Financial Holdings Co., Ltd. and Zhejiang News Zhirong Enterprise Management Partnership (Limited Partnership) acquired a 6% stake in Xinhua Zhiyun Technology Co., Ltd from Xinhua Winshare Publishing and Media Co., Ltd. for CNY 150 million.
May 19, 2021
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Hubei Changjiang Zhaoyin Wenchuang Equity Investment Fund Partnership (Limited Partnership), Zhuhai Delun Equity Investment Fund (Limited Partnership) partnership, Shaoxing Keqiao District Financial Holdings Co., Ltd. and Zhejiang News Zhirong Enterprise Management (Tongxiang) Partnership (Limited Partnership) agreed to acquire a 6% stake in Xinhua Zhiyun Technology Co., Ltd from Xinhuanet Co., Ltd. (SHSE:603888) for CNY 150 million on April 8, 2021. Hubei Changjiang Zhaoyin Wenchuang Equity Investment Fund Partnership (Limited Partnership), Zhuhai Delun Equity Investment Fund (Limited Partnership) partnership, Shaoxing Keqiao District Financial Holdings Co., Ltd. and Zhejiang News Zhirong Enterprise Management (Tongxiang) Partnership (Limited Partnership) signed the contract to acquire 6% stake in Xinhua Zhiyun Technology Co., Ltd from Xinhuanet Co., Ltd. on May 19, 2021. The buyers have paid a deposit of CNY 30 million in the equity exchange. The aforesaid deposit will be directly transferred to part of the price of this equity transaction after the signing of this contract; the buyers shall pay the remaining equity transaction price to the designated bank account of the equity exchange within 5 working days from the effective date of this contract. Post completion, Xinhuanet Co., Ltd. will hold 45% stake in Xinhua Zhiyun Technology Co., Ltd. As on April 8, 2021, transaction is approved by the Board of Xinhuanet Co., Ltd.
Xinhuanet Co., Ltd. is a China-based company principally engaged in the provision of news businesses. The Company mainly operates through four segments. Internet Advertising segment is engaged in the presentation and release of Internet advertisements. Information Service segment is engaged in the multimedia information services, big data intelligent analysis services, as well as forum and conference organization services. Website Construction and Technical Service segment is involved in the construction, information release and maintenance of central government, local government and enterprise and institutionâs websites. Mobile Internet segment is engaged in the mobile media businesses, mobile value added businesses, mobile information businesses, as well as online education businesses. The Company mainly operates its business in domestic market.
XINHUANET CO., LTD. 
