Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Rimi Ishihara for delivering the clues of Wing Zhi, Colorful M and Mr. Aviation. CTOnews.com April 9 news, Huawei officially issued a statement that there is no intention and possible joint venture with New Oriental New Materials to operate TD TECH.

Original statement:

As a shareholder of TD TECH HOLDING LIMITED (hereinafter referred to as "TD TECH"), with regard to the acquisition of TD TECH shares held by Nokia Solutions and Networks Gmbh&Co.KG (hereinafter referred to as "Nokia") by New Oriental New Materials Co., Ltd. (hereinafter referred to as "New Oriental New Materials"), we solemnly declare the following:

First, the joint venture operation of TD TECH between our company and Nokia is based on the strategic cooperation of both sides and the technical strength, global sales and service capabilities of both sides.

Second, we agree that Nokia should sell its shares, but the purchasers must have the same strategic ability to continue the existing cooperation. We have no intention and possibility to operate TD TECH in a joint venture with New Oriental New Materials.

Third, our company is assessing the relevant situation and has the right to take follow-up measures, including, but not limited to, exercising the right of preemption, withdrawing from the sale of all shares, and terminating the relevant technology licenses to TD TECH and its subordinate enterprises.

Fourth, we expect shareholders with strategic value to support the continued development of TD TECH.

CTOnews.com learned that Oriental Materials issued an announcement in the evening, proposing to raise no more than 2 billion yuan to invest in the "acquisition of TD TECH51% equity" project. Upon completion of this transaction, TDTECH will become a controlling subsidiary of the company. On the basis of the original main business, through the layout of wireless communications, terminal products, Internet of things business plate, cut into wireless communications, terminal products and Internet of things racetrack to form a "ink + communication" double main business operation model.

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