Storm Group announced on the evening of September 21 that the company has signed the "Increase in Capital Increase Agreement" with Dongshan Precision, one of the potential counterparties, on the trading target of Shenzhen Storm Wind Commander Technology Co., Ltd. (the company's holding subsidiary, hereinafter referred to as Storm Commander).

Dongshan Precision plans to subscribe for the newly added registered capital of Storm Commander. The subscription price is about 400 million yuan. The specific price is based on the evaluation value of the storm wind commander with the evaluation of securities and futures qualifications. The assessment has not yet been formally completed, and it is initially estimated that the storm will be estimated to be about 3 billion yuan before the investment.

Dongshan Precision said that after the deep reshuffle of the Internet TV industry, the company and other prospective investors of Stormwind are optimistic about the future development of Internet TV. The signing of the capital increase agreement is conducive to strengthening the multi-level cooperation between the company and the storm commander. The company plans to participate in the storm storm commander is the company's step-by-step arrangement focusing on strategic main business, in the TV OEM, LCD module, LED backlight and other related business development and asset restructuring, strengthen cooperation and give play to their respective advantages.


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