Successfully Completed Equity Transfer: Unisplendour Acquires Stake in H3C as Scheduled, Increasing Stakeholding to 81%

    10-09-2024

Unisplendour Corporation Limited recently announced that it had successfully completed the settlement of the acquisition of 30% equity from the minority shareholders of its controlling subsidiary H3C, with a transaction price of about US$2.143 billion, and its shareholding in H3C increased from 51% to 81%. The acquisition will effectively enrich the earnings per share of the listed company and better return to shareholders.

In the first half of 2024, H3C grasped the development opportunities of the smart computing market. By leveraging its deep expertise in the field and extensive experience in enabling intelligent upgrades across various industries, H3C continued to reinforce its technological leadership, which further enhanced the competitiveness of its products and solutions, and its operating profit achieved double-digit growth.

The completion of this equity transaction will further improve the company’s decision-making efficiency and enhance the operational flexibility. It will facilitate a more effective allocation of resources and capital towards R&D, as well as the expansion into broader domestic and international markets. Additionally, it will accelerate the pace of technological innovation, thereby continuously strengthening the company’s core competitiveness.

Based on the new Strategic Sales Agreement signed with HPE in August 2023, H3C will continue to be the exclusive provider of HPE-branded servers, storage products, and technical services (excluding certain global account customers that HPE will cover directly under the agreement) and provide related products and services to customers in China market (excluding China Taiwan, China Hong Kong and China Macau). In the international market, H3C will operate and sell H3C-branded products globally while maintaining the existing OEM partnership with HPE, fully expanding the overseas market, deepening its second growth curve, and rapidly advancing internationalization strategy.

With the completion of this equity delivery, H3C will gather new growth momentum in product and technology innovation breakthroughs, industry application integration and development, and deep synergy of international cooperation. H3C is dedicated to embarking on a new chapter with renewed vigor, ushering in a promising and illustrious era.

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