Yoozoo Games announced a major change related to the company’s shareholders, especially the largest holding power.
On the evening of January 3, Youzu Network made an announcement that representatives of the company’s legal persons and Shanghai Jiayou Enterprise Management Partnership (Limited Partnership) signed the Share Transfer Framework Agreement on December 30, 2022. The transferor intends to transfer approximately 113 million shares it holds (12.34% of the total shares) through a put-through transfer to Shanghai Jiayou.
The notice also said that after the framework agreement is signed and takes effect, all parties to the transaction will sign a formal share transfer agreement after meeting the requirements of laws and regulations. relate to. Upon completion of due diligence, the agent will issue notice and enforce the terms. After completing the share transfer, Shanghai Jiayou will become the largest shareholder of Youzu Network.
Information on the Tianyancha website shows that Shanghai Jiayou Enterprise Management Partnership (Limited Partnership) consists of three partners, in which Shanghai Yuanfu Enterprise Management Center (Limited Partnership) holds 75% of the shares, is the largest shareholder and the person Founder of Xindong Network. Shanghai Yuanfu is mainly held by two major shareholders, Wanzheng and Feng Tao, and People Xingti.
After the announcement was made, a reporter from China Business News spoke to a representative of Youzu Network as an investor, and was informed that the partner side had in fact sought to change the shares in early 2021. Over the past two years, the company has increased investment in research and development. New game products that were launched in the fourth quarter of last year were well received by many players. Some game products are in the research and development stage, the company will continue to focus on the game business in the future.
In 2021, Yoozoo Network officially proposed a global strategy to promote game development and integrate more genres to enhance its primacy, and then launch high-quality games. for gamers.
In October 2022, the company launched two new card games in the Japanese market that quickly had more than 1 million pre-orders. The game is always on the list with the largest revenue, ranked in the top 10 list of games with the highest sales on iOS operating system in Japan, and also won the honor of being an award-winning mobile game of the magazine. prestige game. At the end of December 2022, Yoozoo released a cyperpunk-style card game inspired by Silk Road and fantasy Journey to the West aimed at the global market.
Regarding the impact of this transaction on the company, Youzu Networks stated in the announcement that if this change of equity is conducted smoothly and eventually after it is done, the largest shareholder of the company company will be changed to Shanghai Jiayou. Going forward, the company will continue to adhere to the global strategic roadmap, focusing on growing its core gaming business, enhancing the company’s comprehensive strength, and sharing the company’s long-term value with shareholders.