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

Thanks to CTOnews.com netizens, Dragon Legend, Ishihara Li Mei happy clues delivery! CTOnews.com April 10 news, Oriental Materials tonight issued a risk reminder notice on the acquisition of equity in the underlying assets: the articles of association of TD TECH agreed on the terms of priority of shareholders. As of the date of this announcement, the company has not obtained the commitment document of Huawei, a minority shareholder in TD TECH, to waive the priority transfer right, and there is a risk that the transaction will not be implemented because the minority shareholder Huawei claims the priority transfer right. Huawei's official statement in addition to the exercise of priority acquisition rights, the proposed follow-up measures include the withdrawal of all the shares sold, such as the introduction of other investors will increase uncertainty, TDTECH's shareholding structure will be changed. Oriental material said that the company is actively communicating with all parties about the acquisition.

Risks also include: Huawei's official statement in addition to the exercise of priority acquisition rights, the proposed follow-up measures include the termination of the relevant technology license to TD TECH (CTOnews.com Note: Dingqiao Communication) and its subordinate companies. TD TECH has a certain cooperative relationship with Huawei in major business sectors such as industry wireless products, terminal products, Internet of things products and so on. In terms of technology, some of TD TECH's products are based on Huawei's license and are developed and optimized on the basis of Huawei's underlying technology or existing products; in terms of sales, some of the target company's products, such as industry wireless, cooperate with Huawei. Therefore, if the above situation occurs in the future, it may have a negative impact on the development of TD TECH business.

Huawei has no intention or possibility to operate TD TECH in a joint venture with New Oriental New Materials, according to an official statement. Huawei said that the operation of TD TECH with Nokia is based on the strategic cooperation between the two sides and their technical strength, global sales and service capabilities. Huawei agrees with Nokia to sell its stake, but the purchaser must have the same strategic capability to have the basis for continuing the existing cooperation. The company has no intention and possibility to operate TD TECH in a joint venture with New Oriental New Materials. Huawei is reviewing the situation and has the right to take follow-up measures, including, but not limited to, the exercise of pre-emptive rights, the withdrawal of all shares, and the termination of relevant technology licenses to TD TECH and its subsidiaries. Huawei expects shareholders with strategic value to support the continued development of TD TECH.

According to CTOnews.com, Dingqiao Communication Technology Co., Ltd. is a joint venture between Siemens and Huawei Technology Co., Ltd., which was officially established in Beijing on March 24, 2005. On April 1, 2007, Nokia and Siemens jointly established Nokia Siemens Communications, and Siemens transferred all its Dingqiao shares to Nokia Siemens Communications. In July 2013, Nokia announced a 1.7 billion euro acquisition of Siemens'50 per cent stake in Nokia Siemens Communications and renamed the company Nokia Solutions and Networks, or NSN. According to the announcement, TD TECH is registered in Hong Kong, and Nokia and Huawei own 51% and 49% of the shares respectively. Among its directors, Xu Zhijun, he Haipeng, Zhang Qi and Yan Lida are all Huawei executives. Xu Zhijun is the vice chairman and rotating chairman of Huawei.

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