EZVIZ Network: The wholly-owned subsidiary of the actual controller plans to increase its holdings by 200 million yuan ~ 400 million yuan
DATE:  Oct 18 2024

Per AI Express, EZVIZ Network (SH 688475, closing price: 32.9 yuan) announced on the evening of October 18 that Hangzhou EZVIZ Network Co., Ltd. received a notice on October 18, 2024 from CETC Investment Holding Co., Ltd., a wholly-owned subsidiary of China Electronics Technology Group, the actual controller of the company, on the plan to increase its shareholding in the company. Block trading and other exchanges allow to increase the company's shares, the planned increase amount is not less than RMB 200 million (inclusive), not more than RMB 400 million (inclusive), this increase does not set a fixed price range, Dianke Investment will be based on a reasonable judgment of the value of your company's shares, choose the opportunity to implement the increase plan. Before this increase, Dianke Investment did not directly hold shares of the company, and Dianke Group indirectly held shares of the company through its holding subsidiary, Hangzhou Hikvision Digital Co., Ltd., which held 378 million shares of the company, accounting for 48% of the company's total share capital.

From January to December 2023, the composition of EZVIZ Network's operating income is: smart home industry accounts for 81.82%, and cloud platform services account for 17.69%.

As of press time, the market value of EZVIZ Network is 25.9 billion yuan.

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(Reporter Wang Xiaobo).

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