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Yuxing InfoTech Announces Intention to Develop Internet Data Center and Cloud Computing Business

Yuxing InfoTech
2016-06-15 12:40 1840

HONG KONG, June 15, 2016 /PRNewswire/ -- Yuxing InfoTech Investment Holdings Limited ("Yuxing InfoTech" or "the Company";) (HKEx stock code: 8005), a leading broadband internet digital products enterprise, together with its subsidiaries, ("the Group") is pleased to share a recent announcement that the Group intends to take initiatives in developing businesses in relation to global Internet Data Center ("IDC") and cloud computing.

Newly appointed Co-chairman, Mr. Li Qiang, delivered his speech in the celebration cocktail for the appointment of new management team and introduction of new business development plan in Hong Kong
Newly appointed Co-chairman, Mr. Li Qiang, delivered his speech in the celebration cocktail for the appointment of new management team and introduction of new business development plan in Hong Kong

The Group has been positioned as one of the industry leaders in operating broadband internet digital products and is also one of the outstanding solutions providers in the field of broadband digital audio and visual technological products in the global market.

To take advantage of the business network and industry creditability in the Greater China region as well as in the international market, the Group aims to expand internationally by developing global cloud computing data centers for largescale corporations and global cloud computing total solutions for small and medium enterprises in the Greater China region.

The Group will leverage the experience of its management team in operating global IDC and cloud computing and identify suitable cooperation partners in order to develop the business of the Group in the Greater China region and overseas.

Mr. Zhu Weisha, Chairman of the Group, commented, "The engagement in the internet-related businesses and big data processing business, which are among the sunrise sectors in China and other countries, will be beneficial to the Group, thereby creating value to the Company and the Shareholders. The Group will continue to proactively identify the suitable development or investment opportunities to strengthen the business portfolio of the Group, integrate resources in the industry, and generate sustainable and steady financial performance in the long run."

About Yuxing InfoTech Investment Holdings Limited

Yuxing InfoTech Investment Holdings Limited and its subsidiaries (collectively the "Group"; HKEx stock code: 8005) are currently mainly engaged in information home appliances ("IHA"), investing and trading. The Company was incorporated in Bermuda as an exempted company on 6th October 1999 and was listed on GEM on 31st January 2000. As a conglomerate which combines commercial enterprise with investments, in terms of commercial business, the Group places the broadband internet digital audio and video products as leading products and focuses on exploring markets for the three businesses of IHA, digital electronic consumable products and original equipment manufacturer, while accommodating comprehensive capabilities, including software and hardware development, mass-scale production, marketing and customer service capabilities, etc. On a global stage, the Group is one of the outstanding solutions provider and customized product manufacturer in the field of broadband digital audio and video technological products. In terms of investment business, the Group follows the principle of value investment, and persists with the characteristics of sound investment and team work to achieve stable increase in asset value on the basis of retaining value through methods such as financial innovation.

Photo - http://photos.prnasia.com/prnh/20160615/0861605806

Source: Yuxing InfoTech
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