According to the information released by official website of Guangxin Group; Based on the overall strategic consideration and in-depth study of the industry, Guangxin Group acquired 43.78% of the shares of Yipin Bio in September 20021year and became the controlling shareholder of Yipin Bio. Subsequently, it gave full play to the management and capital advantages of the state-owned capital investment platform, and carried out a series of empowerment management for Yipin Bio, which promoted the profitability and financial situation of Yipin Bio to be greatly improved. After friendly negotiation, the parties to the transaction officially launched Xinghu Technology in March 2022 to acquire the equity of Yipin Bio by issuing shares and paying cash to purchase assets.
Guangxin Group; Guangdong Guangxin Holding Group Co., Ltd. was established in 2000, located in Guangzhou, Guangdong Province, and is an enterprise focusing on research and experimental development.