Storm Technology announced on the evening of June 3 that it plans to jointly invest 100 million yuan in the establishment of Stormwind Sports (Beijing) Co., Ltd. with its controlling shareholder companies Fengfeng Xinhui, Tianjin Kunfeng, and Fengfeng Xinti, etc., to develop sports culture business. The company contributed RMB 19.9 million, accounting for 19.9% ​​of the shares of Stormwind Sports.
Storm Technology (300431) announced on the evening of June 3 that the company’s second board of directors’ 24th meeting reviewed and adopted the “Proposal on Establishing Foreign Investment in Storm Sports (Beijing) Co., Ltd. and Related Party Transactionsâ€, Storm Technology and Related parties, such as Stormwind Xinhui, Tianjin Kunfeng, and Fengfeng Xinxin, will sign a capital contribution agreement and jointly invest 100 million yuan to establish Stormwind Sports (Beijing) Co., Ltd.
Among them, StormTech invested 19.9 million yuan, accounting for 19.9% ​​of the shares of Storm Sports; Stormwind Xinhui contributed 57.8778 million yuan, accounting for 57.878% of the equity ratio, and Tianjin Kunfeng and Fengfeng Xinxin respectively contributed 111.111 million yuan, accounting for 11.11% of the equity ratio. %.
According to the announcement, the scope of storm sports business is mainly to organize cultural and artistic exchange activities, research and development of wireless data terminals; sports project management; sales of electronic products, sports textiles, clothing, shoes, daily necessities, communications equipment, computers, software and auxiliary equipment , as well as ticketing agents.
According to the announcement, Stormwind Xinhui is a company directly controlled by Fengfeng Technology's controlling shareholder and real controller Feng Xin, and Stormwind Xinhui is its related legal person. This investment constitutes a related party transaction. In addition, Tianjin Kunshi and Storm Xin are all related legal persons of the company.
According to the announcement, the State Council's "Several Opinions on Accelerating the Development of the Sports Industry and Promoting Sports Consumption" issued in 2014 referred to the development goal that the total size of the sports industry will exceed 5 trillion yuan in 2025. The General Administration of Sport of China issued the "13th Five-Year Plan for Sports Development" in May this year, which proposes to guide powerful sports companies in mergers, reorganizations, and listings and actively support overseas mergers and acquisitions.
According to Storm Technology, government-led, various types of policies have been launched and capital flows from one source to another. China's sports industry will take a step forward and the sports industry will usher in the best opportunity. There will be huge room for future development.
Stormstorm Technology stated that the company, as an Internet video company, has a large number of video users, and video users and sports users have a high degree of coincidence. The investment in setting up Storm Sports, grasping the development trend of the sports industry, and strategically deploying the sports business field can effectively utilize the company's own brand influence and massive internet user base, significantly increase the company's existing Internet traffic liquidity and increase profitability.
Storm Scientific released the announcement on the same day, and after the company’s application and approval by the Shenzhen Stock Exchange, the company’s securities abbreviation will be changed to “Storm Group†from June 6th, so that the company’s securities referred to the company’s development strategy and federal management model. , and consistent with the company's full name.
Storm Technology (300431) announced on the evening of June 3 that the company’s second board of directors’ 24th meeting reviewed and adopted the “Proposal on Establishing Foreign Investment in Storm Sports (Beijing) Co., Ltd. and Related Party Transactionsâ€, Storm Technology and Related parties, such as Stormwind Xinhui, Tianjin Kunfeng, and Fengfeng Xinxin, will sign a capital contribution agreement and jointly invest 100 million yuan to establish Stormwind Sports (Beijing) Co., Ltd.
Among them, StormTech invested 19.9 million yuan, accounting for 19.9% ​​of the shares of Storm Sports; Stormwind Xinhui contributed 57.8778 million yuan, accounting for 57.878% of the equity ratio, and Tianjin Kunfeng and Fengfeng Xinxin respectively contributed 111.111 million yuan, accounting for 11.11% of the equity ratio. %.
According to the announcement, the scope of storm sports business is mainly to organize cultural and artistic exchange activities, research and development of wireless data terminals; sports project management; sales of electronic products, sports textiles, clothing, shoes, daily necessities, communications equipment, computers, software and auxiliary equipment , as well as ticketing agents.
According to the announcement, Stormwind Xinhui is a company directly controlled by Fengfeng Technology's controlling shareholder and real controller Feng Xin, and Stormwind Xinhui is its related legal person. This investment constitutes a related party transaction. In addition, Tianjin Kunshi and Storm Xin are all related legal persons of the company.
According to the announcement, the State Council's "Several Opinions on Accelerating the Development of the Sports Industry and Promoting Sports Consumption" issued in 2014 referred to the development goal that the total size of the sports industry will exceed 5 trillion yuan in 2025. The General Administration of Sport of China issued the "13th Five-Year Plan for Sports Development" in May this year, which proposes to guide powerful sports companies in mergers, reorganizations, and listings and actively support overseas mergers and acquisitions.
According to Storm Technology, government-led, various types of policies have been launched and capital flows from one source to another. China's sports industry will take a step forward and the sports industry will usher in the best opportunity. There will be huge room for future development.
Stormstorm Technology stated that the company, as an Internet video company, has a large number of video users, and video users and sports users have a high degree of coincidence. The investment in setting up Storm Sports, grasping the development trend of the sports industry, and strategically deploying the sports business field can effectively utilize the company's own brand influence and massive internet user base, significantly increase the company's existing Internet traffic liquidity and increase profitability.
Storm Scientific released the announcement on the same day, and after the company’s application and approval by the Shenzhen Stock Exchange, the company’s securities abbreviation will be changed to “Storm Group†from June 6th, so that the company’s securities referred to the company’s development strategy and federal management model. , and consistent with the company's full name.
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