Fujian Boss Software completes merger, streamlines corporate structure

Fujian Boss Software Corporation announced the completion of the absorption merger of its wholly-owned subsidiary, Qinghai Boss Network Information Technology Co., Ltd. The merger, approved by its board of directors and shareholders in late 2024, aims to optimize management structure, enhance operational efficiency, and reduce management costs.

Following the merger, Qinghai Boss Network Information Technology Co., Ltd.'s independent legal entity status has been canceled. All its assets, liabilities, rights, and obligations have been legally assumed by Fujian Boss Software Corporation. The company confirmed that Qinghai Boss obtained the "Cancellation Registration Notice" from the Xining City Administrative Examination and Approval Service Bureau, indicating all industrial and commercial procedures are complete.

The company stated that the merger is expected to further optimize its management structure, improve operational efficiency, and aligns with its strategic development goals. As Qinghai Boss was already a wholly-owned subsidiary, its financial statements were consolidated within Fujian Boss Software Corporation's reports, thus the merger is not anticipated to have a material impact on the company's financial condition, business development, or sustained profitability.