BuySell Technologies Co.,Ltd.
Notice of Signing Basic Agreement for Establishing a Joint Venture by a Consolidated Subsidiary and for Additional Share Acquisition
A basic agreement was signed to establish a joint venture and for additional share acquisitions. The planned joint venture will engage in live commerce and repair businesses; establishment date is scheduled for October 16, 2026, and business commencement is expected on December 1, 2026. Full subsidiary conversion is not yet determined but will be considered; impact on consolidated results for the fiscal year ending December 2026 is expected to be minor.
Key Figures
- Capital: 50 million CNY (approx. 1,200,000 yen)
- Establishment date: October 16, 2026 (planned)
- Business commencement date: December 1, 2026 (planned)
- Ownership ratios: Mr. He Liangliang 90.0%, BuySell China 10.0%
AI要約
Overview of Joint Venture Establishment
A basic agreement has been signed between consolidated subsidiary BuySell China and Mr. He Liangliang, founder of Jisheli, to establish a joint venture aimed at expanding overseas sales (name: Jixi Jingyao (Hangzhou) E-Commerce Technology Co., Ltd.; location: Hangzhou City, Zhejiang Province; business activities: live commerce business, repair business, etc.). Capital is 50 million CNY with ownership ratios of Mr. He Liangliang 90.0% and BuySell China 10.0%. The planned establishment date is October 16, 2026, and the planned business commencement date is December 1, 2026.
Outlook and Impact
After establishing the joint venture, functions related to used branded goods currently held by Jisheli will be transferred, and through due diligence we will consider sequential additional share acquisitions and conversion to a wholly owned subsidiary. The timing of any full subsidiary conversion is currently undetermined and will be announced once decided. The impact on consolidated results for the fiscal year ending December 2026 is expected to be minor.
BuySell Technologies Co.,Ltd.
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