Amou Technology officially issued an announcement, saying that it has decided to appoint Liu Renchen and Chen Xun as co-CEOs of Amou China from April 24, 2022, and on April 28, 2022, Liu Renchen was officially registered as the legal representative and general manager of the company in Shenzhen Municipal Market Supervision Administration on 19th.
Anmou Technology stated that it will use "Anmou Technology's official Weibo" as the only official channel to release relevant company news and any other channels that are not authorized by the company, such as other Weibo accounts, websites, and WeChat public accounts of the company that are still illegally controlled by Mr. Wu Xiongang. Numbers (such as Arm Technology, Arm China, etc.), domain names, expired business licenses, official seals, etc., do not represent the opinions of the company and shareholders.
The following is the original content:
Important Notice
The board of directors of Amou Technology (China) Co., Ltd. has passed a unanimous resolution in accordance with the company's articles of association and relevant laws and regulations, and decided to appoint Mr. Liu Renchen and Mr. Chen Xun as co-CEOs of Amou China from April 24, 2022. On the 28th, Mr. Liu Renchen was officially registered as the legal representative and general manager of the company in Shenzhen Market Supervision and Administration Bureau. The company also legally obtained a new business license and official seal the next day and made it public.
In view of the former CEO Mr. Wu Xiongang who was removed from the company's refusal to implement the resolutions of the board of directors, recklessly challenged the legal bottom line, and refused to hand over the company's management rights, in order to avoid the damage to the interests of the company and shareholders, and to protect the legitimate rights and interests of the company's employees and customers, the new management decided to From now on, "Anmou Technology Official Weibo" will be used as the only official channel to release relevant company news, and any other channels not authorized by the company, such as other Weibo accounts, websites, WeChat public accounts of the company that is still illegally controlled by Mr. Wu Xiongang Such as Amou Technology, Arm China, etc.), domain names, expired business licenses and official seals, etc., do not represent the opinions of the company and shareholders. The company reserves the right to pursue its legal responsibility for misappropriating the company's name to publish false information.
Amou Technology (China) Co., Ltd.
May 5, 2022
Dr. Liu Renchen graduated from Tsinghua University and Oxford University, and is currently the Deputy Dean of the Research Institute of Tsinghua University in Shenzhen; Dr. Chen Xun, another co-CEO of ARM China, is the managing partner of SoftBank Vision Fund and former Silver Lake Capital Managing Director, etc.
Earlier, people familiar with the matter said that SoftBank Group and its subsidiary ARM are about to reach an agreement to regain control of ARM's China business and remove the company's CEO Wu Xiongang.
In 2020, ARM China's board of directors, composed of representatives of SoftBank, ARM and Chinese investors, fired Wu Xiongang on the grounds of an alleged conflict of interest, but he has refused to leave. And continue to hold the company seal and registration documents, ignoring the director's decision, and continue to operate the ARM China joint venture. According to industrial and commercial data, the legal representative of Anmou China has been changed from Wu Xiongang to Liu Renchen.
Since its official independent operation in April 2018, Arm Technology has been on its fourth anniversary, and its overall revenue has increased by 250% from 2018 to 2021. At present, Amou Technology has more than 800 employees in Shenzhen, Shanghai, Beijing, Chengdu, and other places, and the number of high-end R&D personnel accounts for more than 80%. There are more than 300 authorized partners in China, and the cumulative chip shipments of partners have exceeded 25 billion.
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