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CHINA MERCHANTS CHINA DIRECT INVESTMENTS LIMITED
招 商 局 中 國 基 金 有 限 公 司
(Incorporated in Hong Kong with limited liability)
(Stock Code : 133)
INVESTMENT IN HUASHUN XIN'AN
China Merchants China Direct Investments Limited (the "Company") announces that Shenzhen Tian Zheng Investment Co., Ltd. ("Tian Zheng"), a wholly-owned subsidiary of the Company, entered into an investment agreement and other relevant agreements dated 24 March 2021 in relation to 北京華順信安科技有限公司 (Beijing Huashun Xin'an Technology Co., Ltd.*, "Huashun Xin'an"), pursuant to which Tian Zheng agreed to contribute capital of RMB25,500,000 to Huashun Xin'an to participate in its new round of financing and obtain its equity interests, and to purchase the relevant equity interests of Huashun Xin'an from a founding shareholder of Huashun Xin'an at a discounted price of RMB4,500,000. The total amount of investment of Tian Zheng is RMB30,000,000. Tian Zheng has paid the first instalment of the investment on 9 April 2021, totaling RMB24,000,000.
Information on Huashun Xin'an
Huashun Xin'an was established on 8 February 2018 and was led by Mr. Zhao Wu, a senior expert in China's cyber security industry. It focuses in the fields of big data security and cyberspace resources surveying and mapping. It is mainly engaged in the research and development of technologies and products in the field of cyber information security, providing technical support for the national cyber security, and providing cyber information security protection services for users in the government and enterprises. FOFA, the search engine for cyberspace resources of Huashun Xin'an, is currently one of the global leaders in this field.
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Reasons for and Benefits of Investing in Huashun Xin'an
The cyber security industry of Huashun Xin'an is one of the fields that China urgently needs to improve its autonomous and controllable localization capabilities currently. The Company expects that under the premise of the constant increase in demand for the improvement of information infrastructure security in China's key industries, Huashun Xin'an will be able to rely on its self-polished products to establish its own market share and will usher in a good development prospects.
The Company believes that the investment in Huashun Xin'an will enrich the Company's information technology (IT) portfolio, and can further optimize the Company's investment portfolio.
For and on behalf of
CHINA MERCHANTS CHINA DIRECT
INVESTMENTS LIMITED
WANG Xiaoding
Director
Hong Kong, 12 April 2021
* For identification purposes only
As at the date hereof, the Executive Directors of the Company are Mr. WANG Xiaoding, Mr. TSE Yue Kit and Ms. KAN Ka Yee, Elizabeth; the Non-executive Directors are Mr. ZHANG Jian, Mr. ZHANG Rizhong and Mr. KE Shifeng; and the Independent Non-executive Directors are Mr. LIU Baojie, Mr. TSANG Wah Kwong, Dr. LI Fang and Dr. GONG Shaolin. In addition, Mr. CHU Lap Lik, Victor is the Alternate Director to Ms. KAN Ka Yee, Elizabeth.
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