Business
Xuan Wu Cloud to Bring in Strategic Investor, Focusing on Core Business
On October 20, Xuan Wu Cloud announced that its shareholders, Zhenghao Global, Honghan Global, and Baoya, have entered into a sale and purchase agreement with Shenzhen Hantang Mingyuan Investment Development Partnership (Limited Partnership) (hereinafter "Hantang Mingyuan"). According to the agreement, Hantang Mingyuan intends to acquire 20% of Xuan Wu Cloud's total issued share capital for HK$65.1989 million. Upon completion of the transaction, Hantang Mingyuan and its actual controller, Lian J
About this update from Xuan Wu Cloud Technology Holdings Limited
[{"type":"text","content":"GUANGZHOU, China, Oct. 21, 2025 /PRNewswire/ -- On October 20, Xuan Wu Cloud announced that its shareholders, Zhenghao Global, Honghan Global, and Baoya, have entered into a sale and purchase agreement with Shenzhen Hantang Mingyuan Investment Development Partnership (Limited Partnership) (hereinafter "Hantang Mingyuan"). According to the agreement, Hantang Mingyuan intends to acquire 20% of Xuan Wu Cloud's total issued share capital for HK$65.1989 million. Upon completion of the transaction, Hantang Mingyuan and its actual controller, Lian Jian, will become the single largest shareholder group of Xuan Wu Cloud.","length":638,"tagName":"p"},{"type":"text","content":"According to the announcement, Hantang Mingyuan is a company incorporated in Hong Kong with limited liability and is principally engaged in investment holding. Mr. Lian Jian is the ultimate controller of the Purchaser (i.e., Hantang Mingyuan). In 2003, Mr. Lian Jian founded Shenzhen Depute Optoelectronic Display Technology Co., Ltd. and served as the chairman. From 2014 to 2018, Mr. Lian Jian held the positions of director and vice chairman at Wuhu Token Sciences Co., Ltd. (Stock Code: 300088.SZ), where he contributed to the company becoming a key partner for leading manufacturers of new energy vehicles and leading smartphone manufacturers, among others. Mr. Lian Jian possesses extensive practical experience in industrial investment. Since 2018, he has specialised in research and investment in sectors such as technology and new energy, focusing on industrial and investment opportunities arising from Chinese brands' global expansion and under the national strategy of the Belt and Road Initiative. In 2022, he established Shenzhen Hantang Mingyuan Investment Development Partnership (Limited Partnership), which has invested in multiple companies spanning technology and new energy industries.","length":1225,"tagName":"p"},{"type":"text","content":"Regarding the purpose of this investment, Xuan Wu Cloud stated in the announcement that for a long time, Mr. Lian Jian has consistently focused on companies that align with the direction of economic structure optimisation and upgrading, possess promising prospects, and demonstrate market potential and technological advantages. He highly recognises the Group's industrial leadership positi...