Geely officially acquired Meizu!The latter’s new management structure emerges: a new flagship will be released next year

IT House July 4 news, this morning, Hubei Xingji Times Technology Co., Ltd. and Zhuhai Meizu Technology Co., Ltd. held a strategic investment signing ceremony in Hangzhou.Officially announced that Xingji Times holds a 79.09% controlling stake in Meizu Technologyand gain sole control over Meizu Technology.

According to Sina Technology, under the new equity structure, the new management structure of Xingji Times and Meizu also surfaced:Shen Ziyu, Vice Chairman of Xingji Times, also serves as Chairman of Meizu Technology;Wang Yong, co-founder and CEO of Xingji Times, joined Xingji Times in July 2021. Before that, he served as vice president of ZTE and deputy general manager of ASUS Computer China;Huang Zhipan as CEO of Meizu Technology.

According to the report, Shen Ziyu said,Meizu will retain an independent team and release a new flagship next year.

IT House learned that Meizu Technology was established in March 2003. Huang Zhipan, CEO of Meizu Technology, joined Meizu in 2004 and has held important positions in Meizu’s finance, supply chain, overseas business and other important positions.

Both parties emphasized that after this strategic investment, Meizu Technology will continue to operate as an independent brand. Huang Zhang, as a strategic consultant for Meizu Technology products, continues to contribute to the development of Meizu Technology. In addition, the top management team of Meizu Technology will also remain stable.