BRIEF-Fuwei Films (Holdings) Co., Ltd. Enters Into An Agreement And Plan Of Merger With Baijiayun Limited

Reuters2022-07-18

July 18 (Reuters) - Fuwei Films (Holdings) Co Ltd :

* FUWEI FILMS (HOLDINGS) CO., LTD. ENTERS INTO AN AGREEMENT AND PLAN OF MERGER WITH BAIJIAYUN LIMITED, A VIDEO SAAS/PAAS, VIDEO CLOUD AND SOFTWARE, VIDEO AI AND SYSTEM SOLUTION PROVIDER

* FUWEI FILMS (HOLDINGS) CO LTD - UPON CONSUMMATION OF TRANSACTION, BAIJIAYUN WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF COMPANY

* FUWEI FILMS (HOLDINGS) CO LTD - BAIJIAYUN SHAREHOLDERS, CO SHAREHOLDERS WILL OWN ABOUT 96.79% AND 3.21%, RESPECTIVELY, OF SHARES OF COMBINED COMPANY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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