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On the evening of October 27, Yaxia shared announced that it has entered into a "cooperation agreement" with Ding Zecheng, the son of the company's actual controller, as well as Zhu Jinyu, Zhang Mingli, Zhou Heng, and other eight shareholders of Shenzhen Xuanwei Network Technology Co., Ltd. Under this agreement, the company used its own funds to acquire 70.4119% of Xuanwei Network's shares for 150 million yuan. The company's stock will resume trading on October 28.
Among the transactions, Zhejiang Future Plus E-Commerce Co., Ltd., a wholly-owned subsidiary of Yaxia, acquired 56.2150% of Xuanwei Network’s equity through a capital increase. Meanwhile, Ding Zecheng obtained 14.1969% of the shares by contributing 302.439 million yuan in capital. Together, these moves result in a total ownership of 70.4119% in Xuanwei Network.
According to reports, Xuanwei Network is a national high-tech enterprise specializing in 3D technology and internet application services. It focuses on the pan-home industry, including real estate, home furnishings, and construction materials, offering comprehensive solutions for sales, design, display, and ordering. By leveraging innovative and scientific models, the company aims to optimize work habits, consumption patterns, and even lifestyles within the home and real estate sectors.
The IDesignHome software developed by Xuanwei Network includes features such as 3D weak and strong power design, graphic design, interior design, fast 3D rendering, product library modeling, and an automatic generation system for engineering quantities and costs. It also integrates ERP and CRM systems, making it a leading solution in China for large-scale home improvement companies.
Additionally, Shenzhen Decoration Art Decoration Co., Ltd., a subsidiary of Xuanwei Network, applies high-tech and internet-based thinking to the traditional pan-home industry. It promotes the concept of an "integrated home," combining furniture, appliances, accessories, and housekeeping services into a family-centered ecosystem. With highly standardized three series and twelve styles, it offers multiple combinations to cater to diverse customer preferences. Operating through B2B and B2C models, the company achieves scale effects through centralized marketing.
Using self-developed 4D display software (Shocking) and hardware (Hyun Digital Display System), the company provides customers with immersive digital experiences, ensuring WYSIWYG (what you see is what you get). It also utilizes the IAS internal management system for engineering and sales, enabling comprehensive design and management throughout the process, ensuring project quality and timely completion.
Yaxia stated that this acquisition marks its entry into the home improvement sector. It also allows the company to combine its BIM technology, Xiamen Wanan smart home technology, and Yingchuang 3D printing technology, supporting its technology-driven strategy. This move is expected to significantly expand the company’s reach into household consumption, family services, and family financial services.
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