Establishing subsidiaries + overseas mergers and acquisitions, Haoyang Co., Ltd. promotes European business layout

On July 1, Haoyang Shares issued two announcements, respectively involving the establishment of a wholly-owned subsidiary in the Netherlands and the acquisition of 66.67% equity of the Dutch Follow-Me Holding B.V. by the wholly-owned subsidiary. Both investments revolve around the company's overseas business layout and aim to further promote its globalization strategy.

Foreign investment to establish a wholly-owned subsidiary

In order to optimize the company's strategic layout and enhance comprehensive competitiveness and profitability, Haoyang plans to use 10,000 euros of its own funds to establish a wholly-owned subsidiary, Golden Sea Holdings B.V., in the Netherlands.

The announcement shows that the company has a registered capital of 10,000 euros and its registered address is in Schiphol, the Netherlands. The company is a private limited company. Its business scope includes financial and holding business activities, covering equity investment, fund management, financing guarantees, group enterprise overall management, intellectual property management and other businesses. The source of funds is self-raised funds and monetary contributions.

Haoyang shares stated that the purpose of establishing the subsidiary is to coordinate and manage the company's overseas investments and overseas operating entities, integrate domestic and overseas industrial resources, further improve the company's European regional business layout, implement the global development strategy, and optimize the allocation of global business resources. This investment is in line with the company's mid- to long-term international development plan, will help consolidate the company's overseas business competitiveness, promote the company's long-term stable operations, and fully safeguard the long-term interests of the company and all shareholders.

The wholly-owned subsidiary plans to acquire 66.67% of the equity of Follow-Me in the Netherlands

According to the announcement, on June 30, 2026, the company’s wholly-owned subsidiary Haoyang Investment Holdings Co., Ltd.) and the shareholders Keylight Holding B.V., Wel Ventures B.V. and Erik Berends Beheer of the Netherlands Follow-Me Holding B.V. B.V. signed an equity acquisition agreement and plans to acquire 66.67% of Follow-Me's equity for 2,668,550 euros in cash.

Before this transaction, Haoyang Investment Holdings Co., Ltd. did not hold any equity in the target company; after the transaction is completed, it will hold 66.67% of the equity in Follow-Me and include it in the company's consolidated statements.

After the transaction is completed, Follow-Me will be included in the company's consolidated statements. This transaction has been reviewed and approved by the seventh meeting of the company's fourth board of directors and does not need to be submitted to the shareholders' meeting for review. It does not constitute a related transaction or a major asset reorganization.

According to the announcement, Follow-Me is headquartered in the Netherlands and was founded in 2013. It is mainly engaged in the research and development, manufacturing and sales of artist tracking systems in the professional performing arts field, and provides manual and automated artist tracking solutions for the global performance industry.

The company's products are compatible with multiple brands of lighting consoles and audio and video equipment, and are used in concerts, theaters, cultural and tourism parks, large-scale variety show live broadcasts and other scenarios. Its customers include global performance rental companies, theaters, cultural and tourism parks and radio and television production institutions. The products have been used in projects such as the Rolling Stones, Beyoncé's global tour, the Eurovision Song Contest, and Universal Studios in Orlando.

Financial data shows that in the first half of 2026, Follow-Me achieved operating income of 1.1013 million euros and a net profit of 200,400 euros; in 2025, it achieved operating income of 2.0128 million euros and a net profit of 407,200 euros.

Haoyang shares stated that this acquisition is in line with the company’s global brand strategy and industrial layout plan. After the transaction is completed, the company will supplement the stage intelligent tracking control product line, improve the integrated layout of performing arts equipment software and hardware, enrich the high-end performing arts product matrix, further expand global performance rental, cultural tourism theater and other customer channels, and enhance the comprehensive competitiveness in the global professional performing arts equipment field.