Zhuhai Huizhuo Enterprise Management Partnership Enterprise completed the Guangzhou Longwen Education Technology Co., Ltd. and 99% stake in Beijing Longwenyun Education Technology Co., Ltd. from Dongguan Kingsun Optoelectronic Co.,Ltd..
May 12, 2022
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Zhuhai Huizhuo Enterprise Management Partnership Enterprise agreed to acquire Guangzhou Longwen Education Technology Co., Ltd. and Beijing Longwenyun Education Technology Co., Ltd. from Dongguan Kingsun Optoelectronic Co.,Ltd. (SZSE:002638) for CNY 1 on March 14, 2022. Within 5 days from the agreement effective date, Zhuhai Huizhuo Enterprise Management Partnership Enterprise (Limited Partnership) will pay the transfer price. As on Guangzhou Longwen Education Technology Co., Ltd. reported Total Assets of approximately CNY 350 million and negative net worth of approximately CNY 68 million, Beijing Longwenyun Education Technology Co., Ltd. reported total assets of approximately CNY 97.91 million and negative net worth of approximately CNY
90.58 million. The transaction is subject to approval by shareholders of Dongguan Kingsun Optoelectronic. The transaction has been approved by the board of Dongguan Kingsun Optoelectronic.
Zhuhai Huizhuo Enterprise Management Partnership Enterprise completed the Guangzhou Longwen Education Technology Co., Ltd. and 99% stake in Beijing Longwenyun Education Technology Co., Ltd. from Dongguan Kingsun Optoelectronic Co.,Ltd. (SZSE:002638) on May 13, 2022.
Dongguan Kingsun Optoelectronic Co Ltd is a China-based company principally engaged in the research and development, production and sales of smart lighting, outdoor lighting, landscape lighting and outdoor courtyard products. The Company is also engaged in providing semiconductor lighting products and comprehensive solutions. The Company's light emitting diode (LED) lighting products are used in lighting application fields such as smart lighting, road lighting, traffic lighting, commercial lighting, industrial lighting, office lighting, educational lighting and civil lighting, and are used in many LED lighting demonstration projects and LED accent lighting project. The Company mainly conducts its businesses in the domestic market and overseas markets.
DONGGUAN KINGSUN OPTOELECTRONIC CO.,LTD. 
