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Tuesday, 11/23/2021 6:30:43 AM

Tuesday, November 23, 2021 6:30:43 AM

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Zhuyou Intelligent Manufacturing Technology (00726.HK): Glodon has completed its shareholding of HK$288 million.


November 21, 2021 13:22 Gelonghui APP

On November 19, Zhuyou Group's listed sector-Zhuyou Intelligent Manufacturing Technology Group Co., Ltd. issued an announcement, announcing that it will cooperate with Glodon (Hong Kong) Software Co., Ltd. on August 20 all the conditions of the subscription agreement have been fulfilled, the subscription has been completed on November 19, 2021 in accordance with the terms of the subscription agreement, and the total subscription of 300 million shares has been completed in accordance with the terms and conditions of the subscription agreement. Conditions are issued and distributed to subscribers at the subscription price.

The announcement shows that after the completion of the subscription, Glodon holds 9.67% of Zhuyou Zhizao Technology's shares, and officially becomes the second largest shareholder of Zhuyou Zhizao Technology.

On August 24, Hu Baosen, the controlling shareholder of Zhuyou Zhizao Technology and Chairman of Jianye Group, delivered a speech at the press conference.

On August 24, Diao Zhizhong, Chairman of Glodon Technology Co., Ltd., delivered a speech at the press conference
On August 24, Zhuyou Zhizao Technology and Glodon Technology held a strategic cooperation press conference to disclose the content of their respective listed companies' announcements about Glodon’s shareholding in Zhuyou Zhizao Technology, and introduced the relevant details of the strategic cooperation. Hu Baosen, the controlling shareholder of Zhuyou Zhizao Technology and the chairman of Jianye Group, and Diao Zhizhong, chairman of Glodon Technology Co., Ltd. all placed high hopes for the cooperation between the two parties at the meeting.

At the press conference held on August 24, Zhuyou Zhizao Technology Board Chairman and Executive Director Liu Weixing, Executive Director and Chief Executive Officer Guo Weiqiang, and Non-executive Director Wang Jun attended the Zhengzhou venue and answered on-site questions.

The announcement also disclosed the direction of the use of the capital. The net proceeds from the subscription (after deducting the expenses incurred by the subscription) are approximately HK$287.5 million. Among them, 90 million Hong Kong dollars is intended to be used for digitalization and software development related to the construction industry, and the remaining amount will be used for working capital and other general corporate purposes.

Guo Weiqiang, executive director and chief executive officer of Zhuyou Zhizao Technology, said that Glodon's shareholding in Zhuyou Zhizao Technology is a milestone in the cooperation between the two parties from the business level to the strategic level, and will officially start the joint operation of the digital business of prefabricated buildings. In the future, the cooperation between the two parties will focus on the national "14th Five-Year Plan" digital planning, carbon peaking and carbon neutrality, construction industry transformation and upgrading and other macro strategies, bringing more value and imagination to the digitalization of China's construction industry Solutions to empower and increase efficiency for the transformation, upgrading and high-quality development of the prefabricated construction industry.

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