HONG KONG--(BUSINESS WIRE)--Xingye Copper International Group Limited (“Xingye Copper” or the “Company” and its subsidiaries, collectively the “Group”, HKEx: 505), one of the leading high precision producers of copper plates and strips in the PRC, announced that, the Board proposes to change the English name of the Company from “Xingye Copper International Group Limited” to “Huan Yue Interactive Holdings Limited” and to change the dual foreign name in Chinese of the Company from “興業銅業國際集團有限公司” to “歡悅互娛控股有限公司”.
The Board of the Group believes that, “The Group has completed the acquisition of the entire issued share capital in Funnytime Limited, the Proposed Change of Company Name will better reflect the diversification of the Group’s business and it is believed that it can provide the Company with a more appropriate identification and image which is in line with our business strategy.”
The Group controls Hefei Zhangyue Network Technology Co., Ltd., an internet and mobile gaming products development company in the PRC, through a series of contractual arrangements. The Group believes that the extensive experience and technique from Hefei Zhangyue would be the foundation for it to enter the internet and mobile gaming industry, which will help to further expand its business, and in turn maximize the return of its investors and shareholders.
About Xingye Copper International Group Limited
Xingye Copper International Group Limited (HKEx: 0505) is one of the leading high precision producers of copper plates and strips in the PRC. The Group mainly engaged in manufacturing and sales of high precision copper plates and strips, trading of raw materials, provision of processing services. It has been proactively looking for potential acquisition opportunities in the internet and mobile gaming industry.