Wan run technology terminates the establishment of an agreement on the establishment of an industrial merger and acquisition fund, and the original plan is 50 million

Last night (21), Shenzhen Wan run Polytron Technologies Inc (hereinafter referred to as "Wan run technology" or "company") issued a announcement, the company recently signed a agreement to terminate the establishment of industrial merger and acquisition fund.

In September 2016, the company and Shenzhen de Wan Chong investment management partnership (limited partnership) signed the cooperation framework agreement between Shenzhen Wan run Polytron Technologies Inc and Shenzhen City de Wan Chong investment management partnership enterprise (limited partnership) (hereinafter referred to as "the framework agreement"), the company intends to use its own Cash 50 million yuan investment industry merger and acquisition fund. However, in view of the failure to establish the fund after the signing of the previous framework agreement, there is no other substantial progress, and based on the change in the focus of the work, the actual development and the change in the market environment, the two sides decided not to continue to cooperate with the project of the M & A fund.

Since the signing of the cooperation agreement related to the above fund, the company has not actually invested, the merger fund has not been formally established, and the two sides did not carry out substantive cooperation. The termination of the merger and acquisition fund will not have substantial impact on the company's financial situation and daily operating activities, and there is no damage to the company. And the interests of all shareholders.

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