Huawei sells glory business assets as a whole, and the buyer is Shenzhen Zhixin new information technology Co., Ltd

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Sina science and technology news on the morning of November 18, Huawei released a disclosure announcement saying that Huawei Investment Holding Co., Ltd. decided to sell glory business assets as a whole, and the buyer was Shenzhen Zhixin new information technology Co., Ltd. The sale of the above business assets is in line with the decision-making process of the company’s internal competent decision-making body, which will not reduce the company’s consolidated net assets and have no significant adverse impact on the company’s solvency.
The following is the full text of the disclosure announcement:
Voluntary information disclosure announcement of Huawei Investment Holding Co., Ltd. on the overall sale of glory business assets
Huawei Investment Holding Co., Ltd. (hereinafter referred to as “the company”) decided to sell the assets of glory business as a whole, and the purchaser was Shenzhen Zhixin new information technology Co., Ltd. The purchaser is jointly invested and established by Shenzhen smart city technology development group and more than 30 glory agents and dealers. For the glory after delivery, the company and its subsidiaries do not own any shares, nor participate in the management and decision-making.
The sale of the above business assets is in line with the decision-making process of the company’s internal competent decision-making body, which will not reduce the company’s consolidated net assets and have no significant adverse impact on the company’s solvency.
It is hereby announced.
Huawei Investment Holding Co., Ltd
November 18, 2020