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Yunfeng Fin(00376)buys 16.67% stake in Qutke
16 May 2018
(Infocast News) Yunfeng Financial Group Limited (00376) said that the Company, through Youyu Global Limited (“Youyu”), a wholly-owned subsidiary of the
Company, entered into an strategic investment agreement with the shareholders of Qutke Technology (Beijing) Co. Ltd (Qutke), on 16 May 2018, pursuant to which Youyu agreed to subscribe new equity shares of RMB 50 million in Qutke
by cash. After completion of the investment, Youyu will hold 16.67% equity interest in Qutke and Youyu will be the second largest shareholder and has the right to nominate one member on Qutke’s corporate board.

Qutke is a Fintech company based in Beijing, the PRC. Qutke specializes in providing onestop system solutions and investment research support for financial institutions. The products and services include FOF system and investment research platform.

(SY)
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