Geely’s Xingji Times officially acquired a 79.09% stake in Meizu, which will continue to operate as an independent brand

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 announcing that Xingji Times holds a 79.09% controlling stake in Meizu Technology, and Gain sole control over Meizu Technology.

The two parties announced that they will work together to provide users with core products of multi-terminal, full-scene, and immersive integration experience.

Li Shufu, Chairman of Xingji Times, said:

At present, a new round of technological and industrial revolution has spawned a large number of new formats and models, and technological innovation and ecological integration of the consumer electronics industry and the automotive industry are imperative. In the future, the track of the two industries of smart cars and smartphones will no longer be monotonous, and the two will no longer go their separate ways, but an integrated relationship of multi-terminal, full-scene, and immersive experience for common users. Through the layout of the mobile phone business, the deep integration of the consumer electronics industry and the automotive industry, and the creation of a cross-border user ecological chain can achieve super synergy.

Huang Zhang said:

In the past two decades, Meizu Technology has always adhered to the focus and the ultimate craftsmanship spirit, and maintained the persistent pursuit of products. Meizu Technology and Xingji Times have worked closely together and will strive to create better products for everyone. It is believed that with the original intention of pursuing from love, Meizu Technology’s tomorrow will be better and better.

Both sides stressed thatAfter 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.

IT House learned that Xingji Times was established in September 2021, registered in Hubei Province, China, with a registered capital of 715 million yuan, targeting the field of high-end mobile phones. The legal representative is Wang Yong, and the chairman is Li Shufu; Zhuhai Meizu was established in In March 2003, it was registered in Guangdong Province, China.

Xingji Times shareholders include Geely Group (Ningbo) Co., Ltd., Ningbo Boma Enterprise Management Partnership (Limited Partnership), Haining Wanxin Technology Partnership (Limited Partnership), Wuhan Jingkai Xingji Investment Fund Partnership (Limited Partnership), And three natural person shareholders Shen Ziyu, Li Shufu and Su Jing. The suspected actual controller of Xingji Times is Li Shufu, with a shareholding ratio of 57.8452%.

The industry and commerce information shows that the industry of Xingji Times is Internet and related services. Its business scope includes mobile terminal equipment manufacturing, mobile communication equipment sales, satellite mobile communication terminal manufacturing, etc., as well as integrated circuit chips and 5G communication technology services. and other business.