With regard to this acquisition, Yin Tian Holdings said that it will make full use of WIKO's mature own brand, supplier system, sales channels and operational resources, give full play to the company's outstanding advantages in mobile phone channel distribution, and expand to the upstream of the mobile phone industry chain with perfect business model and flexible and efficient operation efficiency, so as to empower the mobile phone industry chain and export service value.
Through this transaction, we can rely on the company's rich channel resources and comprehensive industrial integration capabilities, as well as the advantages and complete industrial chain structure of Shenzhen-Dongguan mobile phone industry, and rely on WIKO's mature own brand, supplier system, sales channels and operational resources to closely connect ODM manufacturers, brand manufacturers and distribution channels of mobile phones in series, thus turning the target company into a mobile phone brand manufacturer focusing on R&D and sales.
This transaction revolves around the WIKO related business of Tianlong Mobile. Tianlong Mobile intends to transfer WIKO business and some fixed assets, intangible assets, important resources and qualifications to Dongguan Weike. Therefore, the main business of Dongguan Weike is the planning and research and development of WIKO mobile phone brand.
Dongguan Weike was founded on 20211June 18. 202 1 10 year 10 October 26th, Tianlong Mobile signed an internal asset transfer agreement with Dongguan Weike, which stipulated that Tianlong Mobile intends to transfer the patented technology, trademarks, self-developed IT systems and related equipment related to WIKO brand mobile phones to Dongguan Weike, and Dongguan Weike will enjoy corresponding rights to the assets to be transferred from the date of signing the agreement.
According to the latest announcements disclosed by Yin Tian Holdings 12 and 13 in the evening, through this transaction, we can rely on the company's rich channel resources and comprehensive industrial integration capabilities, as well as the advantages of Shenzhen-Dongguan mobile phone industry and the complete industrial chain structure, and rely on WIKO's mature own brand, supplier system, sales channels and operational resources to closely connect mobile phone ODM manufacturers, brand manufacturers and distribution channels in series, so that the target company can pay close attention.