Gelonghui, May 7, 丨 China Ruyi (00136.HK) announced that on May 7, 2024, Beijing Ruyi (the company's controlled structural entity) and the seller entered into an equity transfer agreement. According to this, the seller (Beijing Chaoxi Guangnian Information Technology Co., Ltd., Beijing Youyi Technology Co., Ltd.) conditionally agreed to acquire sales shares equivalent to 100% of the target company Beijing Youai Mutual Entertainment Technology Co., Ltd., at a cost of RMB 259 million (subject to adjustment). After the equity transfer is completed, the target company will become an indirect wholly-owned subsidiary of the company, and the target company's financial performance, assets and liabilities will be comprehensively incorporated into the group accounts.
The target company is a limited liability company registered in China, mainly engaged in information service business. As of the date of this announcement, Seller A held 94.1047% of the target company's shares and Seller B held 5.8953% of the shares, respectively.
The target company's core assets are R&D assets for the “Red Alert OL” game. The IP for the project originates from the well-known stand-alone game IP “Red Alert (Red Alert)” of Electronic Arts in the US, which has a deep market base and a broad player base. Over the past three years, the performance of the “Red Alert OL” project has been stable. Based on the simulation game life cycle, the company believes that the “Red Alert OL” project will still have considerable benefits in the future, and that its R&D assets will also maintain high commercial value and meet the company's acquisition standards.