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Zhejiang Qiumei announced that the company plans to transfer 45% of Anhui Youpin's shares held by shareholders such as Nanjing Youpin Technology in cash, and the transaction price will not be higher than 315 million yuan. After the transaction is completed, the company will obtain control of Anhui Youpin. The purchase price is paid in five installments. If the performance does not meet the standards, the company has the right to request the repurchase of shares. Furthermore, Nanjing Youpin Technology entrusted 6% of voting rights to the company. The agreement also stipulates matters such as performance commitments, due diligence, and exclusivity periods. The agreement must be reviewed and approved by the board of directors and shareholders' meetings of both parties before it comes into effect.
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Zhejiang Qiumei announced that the company plans to transfer 45% of Anhui Youpin's shares held by shareholders such as Nanjing Youpin Technology in cash, and the transaction price will not be higher than 315 million yuan. After the transaction is completed, the company will obtain control of Anhui Youpin. The purchase price is paid in five installments. If the performance does not meet the standards, the company has the right to request the repurchase of shares. Furthermore, Nanjing Youpin Technology entrusted 6% of voting rights to the company. The agreement also stipulates matters such as performance commitments, due diligence, and exclusivity periods. The agreement must be reviewed and approved by the board of directors and shareholders' meetings of both parties before it comes into effect.
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