Huayi Brothers invested 149 million yuan to obtain shares of Beijing palm fun Science and Technology

Huayi Brothers spent 73.5 million yuan on 12.25% shares, and shareholders Yao Wenbin, Yeying Tao, Deng Pan, Yang Kai were sellers. By the time of first payment for shares made by Huayi Brothers, it will automatically get 12.25%.

Huayi Brothers added 75 million yuan, out of which 1.25 million will be used add palm fun science and technology registered capital, and 73.75 will transfer to palm fun science and technology capital provident fund.

Palm fun is primarily in mobile games, webpage games, community gaming and other services. Palm fun as leading mobile game developer and distributor, self R&D “Qian Fu”(permited by tv series with same names), “3 Kingdoms Fighting” (also permitted by tv with same title)games and products, and act on behalf of American game company EA’s “Need for Speed”, “2010 FIFA South African World Cup” and other mobile games. Palm fun also established a wide range of mobile games distribution channels, and began to cross-platform (Web-Mobile) webpage online games, social gaming R&D and distribution.

Palm fun has 7 Subordinate with 100% holding, such as Wolong Technology Co., Ltd., Dalian, Beijing No.9 Technology Development Co., Ltd., Beijing China Entertainment Juyou Technology Development Co., Ltd., Beijing China Entertainment Juyou Industrial Science and Technology Co., Ltd., Beijing Feng Shang Jiacheng Technology Development Co., Ltd., Beijing Juyou palm Union Technology Co., Ltd. and Guangzhou luck Communication Technology Co., Ltd..

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