Search For Ad Hoc Companies, Develop Supply Chains, Fashion Brands, And Realize Their Own Shortcomings.

In September 18th, 002503.SZ announced that the Guangzhou high tech Supply Chain Management Co., Ltd. (hereinafter referred to as the "high tech supply chain") should be jointly funded by the Guangzhou hi tech Zone Investment Group Co., Ltd. (hereinafter referred to as the "hi tech Zone Group"). Among them, the search invested 32 million yuan, occupying 40% of the registered capital; the High-tech Zone Group invested 48 million yuan, occupying 60% of the registered capital.

He emphasized that all the funds invested in the foreign investment all come from the company's own funds, which will not have a significant impact on the company's financial position and operating results this year.

It is reported that the predecessor of search group Limited by Share Ltd is Dongguan city search and clothing Limited company is a company mainly engaged in the design and sale of youth leisure clothing products, founded in December 2005 and listed on the Shenzhen stock exchange in November 2010.

Publicly available data show that hi-tech group holds 10% stake in the company and is the second largest shareholder of the company, so the transaction constitutes a related transaction.

The two new investment companies, namely, supply chain management, wholesale of electronic products, wholesale of electronic products, wholesale of materials and decoration materials, wholesale trade of goods (except licensed and approved commodities), automobile sales, wholesale of electrical equipment, wholesale of metals and metals, exclusive of exclusive control of state, retail of glass fibre reinforced plastics, retail of steel products, retail of decorative stones, wholesale of hardware products, acquisition of agricultural and sideline products, wholesale of precious metals and their products (excluding licensed commodities), wholesale of computers, wholesale of computer parts, software development, software development, enterprise management consulting service, and enterprise credit consulting service.

The announcement explained that the purpose of this transaction is to collect and search the advantages of the new company in the industry, capital, channels and supply chain management through the newly established company, which will help to build a comprehensive industry supply chain management service system with a wide coverage, strong supply and great flexibility, and provide superior resources for developing the supply chain management business in the new industrial field.