Tencent Technology News, April 12, Changan Automobile announced that the subsidiary Changan Automobile Investment (Shenzhen) Co., Ltd. plans to establish a joint venture company with Tencent Landslide (Shenzhen) Technology Co., Ltd.
The main business of the joint venture company is the development of vehicle networking platform and big data analysis. Chang'an Investment and Tencent’s thoroughfare share 49% and 51% respectively in joint ventures.
The following is Chang'an Automobile's announcement:
Securities Abbreviation: Changan Automobile (Changan B) Stock Code: 000625 (200625) Bulletin No.: 2018—18
Chongqing Changan Automobile Co., Ltd.
Announcement of Resolutions of the 31st Meeting of the Seventh Board of Directors
The company and all members of the board of directors ensure that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
On April 11, 2018, the company held the thirty-first meeting of the seventh session of the board of directors. The notice and documents of the meeting were sent to all directors of the company by mail or fax on April 10, 2018. The meeting should include 12 directors and 12 directors actually participate in the voting. The meeting of the Board of Directors complies with the relevant provisions of the Company Law and the Articles of Association, and the resolutions formed by the meeting are legal and valid. The meeting examined and approved the following proposals in written voting:
About the Proposal for the Capital Increase of Chang'an Investment, Chang'an Investment and Tencent’s Passage to Joint Venture Company
Voting results: Agree to 12 votes, vote against 0, and abstain from 0 votes.
Chongqing Chang'an Automobile Co., Ltd. increased its capital to the wholly-owned subsidiary Changan Automobile Investment (Shenzhen) Co., Ltd. (hereinafter referred to as “Chang'an Investment”) by 98 million yuan; Chang'an Investment invested RMB 98 million to Tencent Landslide (Shenzhen) Technology Co., Ltd. (Hereinafter referred to as "Tencent earth thoroughfare") set up a joint venture company.
The form of investment and the proportion of capital contribution of the two parties are as follows:
(1) Changan Investment invested RMB 98 million in monetary terms, accounting for 49% of the equity;
(2) Tencent Land uses RMB 102 million in currency, accounting for 51% of equity.
The main business of the joint venture company is: (1) The development of the vehicle networking platform, including but not limited to the development of vehicle networking operating systems, the establishment and operation of a car networking TSP (vehicle networking service platform) platform, and the design of integrated solutions for car networking content services (including software (2) Big data analysis, including but not limited to: building a big data cloud platform, building a data analysis engine and a machine learning engine, forming a driving data big data model for vehicle and owner data landing, landing face recognition Authentication, fatigue driving, attention-deficit detection and other traffic AI (artificial intelligence) algorithms. Special announcement
Chongqing Changan Automobile Co., Ltd. Board of Directors