Jewart announced that the company and its wholly-owned subsidiary JWART plan to directly and indirectly acquire 40.89% of Nanjing Tianyi Hexin Electronics Co., Ltd.'s shares for 319 million yuan and actually control 41.31% of its shares. After the transaction is completed, Tianyi Hexin will become a holding subsidiary of the company and included in the scope of the consolidated statement. The company and JWART will appoint three board members to Tianyi Hexin's board of directors, accounting for three-fifths of its total board seats. Furthermore, according to the agreement, Tianyi Hexin shareholders acted in agreement with the company after the transaction.

Zhitongcaijing · 05/20 12:33
Jewart announced that the company and its wholly-owned subsidiary JWART plan to directly and indirectly acquire 40.89% of Nanjing Tianyi Hexin Electronics Co., Ltd.'s shares for 319 million yuan and actually control 41.31% of its shares. After the transaction is completed, Tianyi Hexin will become a holding subsidiary of the company and included in the scope of the consolidated statement. The company and JWART will appoint three board members to Tianyi Hexin's board of directors, accounting for three-fifths of its total board seats. Furthermore, according to the agreement, Tianyi Hexin shareholders acted in agreement with the company after the transaction.