Xunlei Limited announced the completion of the disposition of a majority equity interest in Shenzhen Onething Technology Co., Ltd., with its variable interest entity transferring 20% equity for RMB50 million and 30% equity for RMB75 million in cash to specified buyers, while retaining 20% equity. The Transaction optimizes the Company’s resource allocation and business portfolio.
Key takeaways
Transaction closed on 2026-03-16 with all conditions precedent satisfied
Shenzhen Xunlei Networking Technologies Co., Ltd. transferred 20% equity in Shenzhen Onething to Wuhan Kingsoft Cloud Information Technology Co., Ltd. for RMB50 million (inclusive of tax)
Shenzhen Xunlei Networking Technologies Co., Ltd. transferred 30% equity in Shenzhen Onething to Shenzhen Xinghan Zhilian Technology Co., Ltd. for RMB75 million (inclusive of tax)
Shenzhen Xunlei retains 20% equity interest in Shenzhen Onething