Mason technologies terminate the establishment of industry mergers and acquisitions fund agreement, the original plans to invest 50 million

Yesterday (21) evening, Shenzhen wealthrun Polytron Technologies Inc (hereinafter referred to as "allring technology" or the "company") announced the day before the company signed a termination agreement to set up the fund industry mergers and acquisitions.

In September 2016, the company and Shenzhen deban chongye investment management partnership (limited partnership) signed the "Shenzhen wealthrun Polytron Technologies Inc and Shenzhen city dervan chongye investment management partnership (limited partnership) of industry mergers and acquisitions fund cooperation framework agreement" (hereinafter referred to as the "framework agreement"), the company intends to use its own Cash 50 million yuan investment fund industry mergers and acquisitions. But in view of the framework agreement signed after the fund has not been established, nor other substantive progress, and based on the changes, the focus of the work of the actual situation and the change of the market environment, the two sides decided not to continue the cooperation of industry mergers and acquisitions fund project.

Allring technology said that since the fund cooperation agreements signed, the company did not actual investment, mergers and acquisitions fund has not been formally established, the two sides did not carry out substantive cooperation, the termination of the establishment of fund mergers and acquisitions will not have a substantial impact on the company's financial condition and operations, there is no damage to the company The situation and the interests of all shareholders.

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