Minshang Creative Technology Holdings Ltd. Announces Consolidation of Minshang Zhihui Results Following Board Control Acquisition

Reuters

06-17

Minshang Creative Technology Holdings Ltd. Announces Consolidation of Minshang Zhihui Results Following Board Control Acquisition

Minshang Creative Technology Holdings Ltd. has announced the consolidation of Minshang Zhihui's results into its own. This development follows a change allowing Minshang Creative Technology to exercise majority control over the board of directors of Minshang Zhihui, transforming it into a non-wholly owned subsidiary. The financial results of Minshang Zhihui will be consolidated into Minshang Creative Technology's financial statements starting from the fiscal year ending March 31, 2026. The Merchandise Purchase Agreement, dated January 1, 2025, between Minhui and Minshang Zhihui, spans from January 1, 2025, to December 31, 2027. This agreement is part of the transactions set to be consolidated. Wu Jiangtao, Chairman of Minshang Creative Technology Holdings Ltd., made the announcement on June 17, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Minshang Creative Technology Holdings Ltd. published the original content used to generate this news brief on June 17, 2025, and is solely responsible for the information contained therein.

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Announces Consolidation of Minshang Zhihui Results Following Board Control Acquisition\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-17 22:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Minshang Creative Technology Holdings Ltd. 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Announces Consolidation of Minshang Zhihui Results Following Board Control Acquisition\n    \n\n        Minshang Creative Technology Holdings Ltd. has announced the consolidation of Minshang Zhihui's results into its own. This development follows a change allowing Minshang Creative Technology to exercise majority control over the board of directors of Minshang Zhihui, transforming it into a non-wholly owned subsidiary. The financial results of Minshang Zhihui will be consolidated into Minshang Creative Technology's financial statements starting from the fiscal year ending March 31, 2026. The Merchandise Purchase Agreement, dated January 1, 2025, between Minhui and Minshang Zhihui, spans from January 1, 2025, to December 31, 2027. This agreement is part of the transactions set to be consolidated. 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