Storm Group plans to introduce strategic investment to Storm TV, a subsidiary of Storm.

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On August 14, Storm Group issued a notice on the progress of major asset restructuring and extension of trading, saying that Storm Group intends to introduce strategic investors for its holding subsidiary, Shenzhen Stormwind Commander Technology Co., Ltd., by means of capital increase and equity transfer. the specific mode of transaction is still under communication and negotiation and has not yet been finalized. On August 14, Storm Group issued a notice on the progress of major asset restructuring and postponement of trading, saying that Storm Group intends to increase capital and transfer shares for the public.

On August 14, Storm Group issued an announcement on the progress of major asset restructuring and the postponement of resumption of trading. The announcement stated that Storm Group plans to introduce strategic investors to Shenzhen Storm Commander Technology Co., Ltd., the company's controlling subsidiary.

On August 14, Storm Group issued an announcement on the progress of material asset reorganization and the postponement of resumption of trading. The announcement stated that Storm Group plans to adopt capital increase and equity transfer to introduce strategic investors to Shenzhen Storm Commander Technology Co., Ltd., the company's controlling subsidiary. The specific transaction method is still under communication and negotiation and has not yet been finalized.

Shenzhen Storm Commander Technology Co., Ltd.(Storm TV) is the first strategic business announced by Storm Group after it released the "Global DT Entertainment Strategy". Storm TV was established in July 2015 and is currently a fast-growing Internet TV brand. Storm TV's core shareholders include Storm Group, Xinrishun, Aofei Entertainment, Sannuo Sound Zhilian, and Ningbo Hangchen. They have injected multiple Internet and industrial resources into Storm TV, providing content and operating resources, logistics and channels, animation and support in education resources, core technologies, capital and supply chains.

According to public information, in August 2016, Storm TV received 200 million yuan in Series A financing, and the company was valued at 2 billion yuan.

In December 2015, Storm TV released the first generation of Storm Super TV. In May 2016, Storm TV released the second-generation Storm Super TV. In September of the same year, Storm TV released the world's first 45-inch VR TV. In 2016, Storm TV products were launched for the entire year, achieving sales of 800,000 units. In May 2017, Storm TV released the world's first far-speaking artificial intelligence TV, the Storm TV X5 Echo series.

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