Several companies issued a joint statement in the “Shenzhen Special Zone Daily” that Shenzhen Zhixin New Information Technology Co., Ltd. has signed an acquisition agreement with Huawei Investment Holdings Co., Ltd. to complete the comprehensive acquisition of the business assets related to the Honor brand. After the sale, Huawei no longer holds any shares in the new Honor company.
Shenzhen Zhixin New Information Technology Co., Ltd. is jointly invested and established by Shenzhen Smart City Technology Development Group and more than 30 glory agents and distributors, including Tianyin Communication Co., Ltd., Suning Tesco Group Co., Ltd., and Beijing Songlian Technology Co., Ltd., Shenzhen Shundian Industrial Co., Ltd., Shandong Yihua Communication Technology Co., Ltd., Shenzhen Jishuntong Investment Co., Ltd., Henan Xiangzhiyin Health Technology Co., Ltd., Fujian Ruilian Youxin Technology Co., Ltd., Inner Mongolia Inforte Communication Technology Co., Ltd., Harbin Jintan Technology Development Co., Ltd., etc.
The statement pointed out that the acquisition is not only self-help and market-oriented investment initiated by the glory-related industry chain, it can maximize the protection of the interests of consumers, channels, suppliers, partners, and employees; it is also an industry complementarity. All shareholders will Fully support New Glory, let New Glory draw on the advantages of all parties in terms of resources, brand, production, channels, services, etc., and participate in market competition more efficiently.
The statement also stated that changes in ownership will not affect the direction of Honor’s development, and Honor’s senior management and team will remain stable. Distributors and agents who invest in New Glory also promise that they will only enjoy the financial return on investment in the future, and will follow the market principle of fair trade on the business side, and enjoy the same opportunities as other distributors and agents.
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Rupesh 
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