On November 18, China Security & Fire Co., Ltd. (CSF), held the 15th meeting of its 9th board through onsite meeting and video conferencing. Seven resolutions, including “Resolution on Purchasing 100% Shares in Shanghai Keenshine Electronic Technology Co., Ltd”, “Resolution on Signing Profit Forecast Compensation Agreement”, “Resolution on Proposal to Dispose Unused Real Estate by Chairman through Authorization and Resolution on Proposal to Hold the 7th Interim Shareholders Meeting” were passed in this meeting.
Directors’ Meeting Site Right row: Chairman Tu Guoshen (center); Directors Hao Jun (first from the left) and Qin Yongjun (first from the right); Left row: Supervisors Wang Lei (center) and Wang Yike (first from the right); Board Secretary: Fu Xin (first from the left).
China Security & Fire Co. Ltd. (CSF) put forth a proposal to purchase 100% shares in Shanghai Keenshine Electronic Technology Co., Ltd. in an RMB168 million cash transaction. This acquisition will not only enable CSF to complete its strategic cross-regional presence covering North China, Northwest China, Southwest China and East China, but, moreover, build a closed circle for national security system integration.
