Huang Zhang took a stake in Wuhan Xingji Meizu: invested about 65 million yuan, holding about 9.79% of the shares, becoming the third largest shareholder

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According to news from IT House on January 19, Wuhan Xingji Meizu Technology Co., Ltd., a subsidiary of Geely, has recently undergone industrial and commercial changes, adding new shareholders Huang Xiuzhang (Huang Zhang), Telling Communication Holdings Co., Ltd., Haitong Innovation Securities Investment Co., Ltd., etc.; The registered capital increased from approximately RMB 524 million to approximately RMB 662 million, an increase of over 26%.

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At present, the company is jointly held by a number of shareholders, among which Hubei Xingji Meizu Holdings Co., Ltd. holds about 56.82% of the shares and is the largest shareholder; Huang Xiuzhang holds about 9.79% of the shares and is the third largest shareholder.

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Wuhan Xingji Meizu Technology Co., Ltd. was established in May 2022. Its legal representative is Wang Yong. It now wholly holds Zhuhai Meizu Technology Co., Ltd., the main company of Meizu mobile phones. Not long ago, the original shareholders of Zhuhai Meizu Technology Co., Ltd. Telling Communication Holdings Co., Ltd., Haitong Innovation Securities Investment Co., Ltd., Huang Xiuzhang, etc. withdrew, and Wuhan Xingji Meizu Technology Co., Ltd. became the sole shareholder of Meizu Technology. Now the equity redistribution is sorted out.

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IT Home learned that in July last year, Hubei Xingji Technology Co., Ltd. signed a contract with Zhuhai Meizu Technology Co., Ltd., announcing that Xingji Times holds 79.09% of the controlling stake in Meizu Technology and has obtained sole control of Meizu Technology. On the same day, Zhuhai Meizu Technology Co., Ltd. underwent industrial and commercial changes. The major shareholder was changed from Huang Xiuzhang to Wuhan Xinglian Times Technology Co., Ltd., the legal representative was changed from Huang Zhipan to Shen Ziyu, and the chairman was also changed from Huang Xiuzhang to Shen Ziyu. After this transaction, Li Shufu, the founder of Geely, will continue to serve as the chairman of Xingji Times, and Shen Ziyu, vice chairman of Xingji Times, will serve as the chairman of Meizu Technology.

Meizu will retain an independent team and release a new flagship in 2023, which is expected to be the flagship phone of the Meizu 20 series, and the first batch will be equipped with the Snapdragon 8 Gen 2 chip.

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