FiEE (FIEE) has entered into an agreement to acquire a 51% equity stake in YinLian Culture for an aggregate purchase price of $51,000. Through this acquisition and the associated variable interest entity structure, FiEE now effectively controls and captures the economic benefits of Maltose Culture, an AI-empowered music ecosystem that integrates content creation, intelligent platform distribution, and next-generation home entertainment. The company is also providing a convertible loan of approximately $2.9M, bringing FiEE’s total investment to approximately $3M, to YinLian Culture to support its planned expansion initiatives. Upon conversion of the loan, which may occur solely at the Company’s option, the Company’s equity interest in YinLian Culture will increase to 60%.
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