Hunan Huakai Cultural and Creative Co., Ltd. agreed to acquire remaining 10% stake in Shenzhen YiBai Network Technology Co., Ltd. from Xiamen Mangliduo Equity Investment Partnership Enterprise (Limited Partnership) and Xiamen Chaoran Mailun Equity Investment Partnership Enterprise (Limited Partnership) for CNY 338 million.
June 12, 2022
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Hunan Huakai Cultural and Creative Co., Ltd. (SZSE:300592) agreed to acquire remaining 10% stake in Shenzhen YiBai Network Technology Co., Ltd. from Xiamen Mangliduo Equity Investment Partnership Enterprise (Limited Partnership) and Xiamen Chaoran Mailun Equity Investment Partnership Enterprise (Limited Partnership) for CNY 338 million on June 13, 2022. Transaction is approved by Hunan Huakai Cultural and Creative board of directors and and shareholding approval is pending.
Huakai Yibai Technology Co Ltd, formerly Hunan Huakai Cultural and Creative Co Ltd, is a China-based company mainly engaged in cross-border e-commerce services. The Company operates three segments. Cross-border Export E-commerce Business segment mainly provides supply and sales of auto parts, industrial and commercial supplies, home gardening, outdoor sports and other products through third-party platforms such as Amazon, ebay, Wish and other online platforms. Space Environment Art Design segment provides professional services such as art design and architectural decoration for interior spaces. Others segment is engaged in other business support services.
HUAKAI YIBAI TECHNOLOGY CO.,LTD. 
