Understanding the Market | XUANWU CLOUD surged over 14% in early trading as the company introduced HanTang MingYuan as a strategic investor and transferred part of its equity in XuanTong to focus on core business

XUANWU CLOUD rose over 14% in early trading, and as of the time of writing, it has increased by 12.73%, trading at HKD 1.24. The company announced that Hantang Mingyuan plans to purchase a 20% stake for HKD 65.199 million, making Hantang Mingyuan the largest shareholder after the transaction. The chairman of the board, Chen Yonghui, will inject HKD 20 million into the non-wholly-owned subsidiary Xuantong, and Xuantong's financial performance will no longer be included in XUANWU CLOUD's consolidated financial statements. This transaction is expected to enhance capital efficiency and align with the company's transformation and sustainable development goals

XUANWU CLOUD plans to introduce strategic investors to add new momentum for development

XUANWU CLOUD announced the introduction of HanTang MingYuan as a strategic investor, which will purchase 20% of the company's equity for HKD 65.1989 million, becoming the largest shareholder. The actual controller of HanTang MingYuan, Lian Jian, has rich experience in the technology and new energy sectors and plans to integrate resources to promote XUANWU CLOUD's development in the AI+ enterprise digital services field. Meanwhile, XUANWU CLOUD is also adjusting its business, with the chairman of the board planning to inject HKD 20 million into its non-wholly-owned subsidiary

Hong Kong Stock XUANWU CLOUD: The controlling shareholder plans to sell 20% of its shares

XUANWU CLOUD's controlling shareholder proposes to sell shares, with some original directors and shareholders exiting

XUANWU CLOUD's controlling shareholder proposes to sell approximately 20% of its shares for a total consideration of about HKD 65.199 million. The transaction conditions include the termination of the concerted action agreement by the original directors and shareholders, and Chen Yonghui resigning from his position as a partner. After the transaction, the buyer will become the largest shareholder, controlling approximately 21.78% of the voting rights. Li Hairong will continue to serve as the executive director and is expected to take on higher management responsibilities to ensure the stability of the company's operations

XUANWU CLOUD plans to transfer part of its equity in Xuantong Technology. The chairman will invest 20 million, and the group will focus on core business segments

XUANWU CLOUD announced that it will transfer part of its equity in Xuantong Technology, with Chairman Chen Yonghui investing 20 million yuan. This equity transfer will increase the registered capital of the target company from 30 million yuan to 50 million yuan, and Chen Yonghui will hold a 40% stake. The target company has been operating at a loss since its establishment, and after the transfer, its financial performance will no longer be included in the group's financial reports. The group will focus on its core business with greater growth potential and plans to gradually cease its self-operated cloud sales business