DJI Response to Being Former Largest External Shareholder of ETree Tech Before Exiting in 2019: No Comment

August 10, Yushu Technology officially launched its online and offline subscription today. The issue price is 150.80 yuan per share, with a post-issuance total market value of approximately 60.993 billion yuan, a total fundraising amount of nearly 6.1 billion yuan, and an issuance P/E ratio of 219.23 times.

Of note, the company had previously received investment from DJI, but this shareholding ultimately ended with DJI divesting. It is understood that Wang Xing briefly worked at DJI before starting his own business, but soon resigned to start his own venture. In 2018, DJI briefly acquired approximately 17% of Yushu Technology for 10.1286 million yuan, valuing the company at about 60 million yuan at the time. DJI's investment in Yushu Technology even completed the business registration and quickly became Yushu Technology's largest external shareholder. However, DJI reduced its investment in 2019 and exited the list of Yushu Technology shareholders.

According to calculations, if DJI had smoothly invested at that time and held the shares until now, the market value in its hands could have reached tens of billions of yuan. In response to this news, DJI declined to comment.