The company is a joint-stock company established through the overall conversion of Beijing Boon Technologies Co., Ltd. Based on the audited net assets of RMB 178,301,887.67 as of August 31, 2010, the company was converted into 80 million shares at a ratio of 1:0.4487.
On November 2, 2010, the company completed the change registration with the Beijing Administration for Industry and Commerce, obtaining the registration number 110000004934463, with a registered capital of RMB 80 million. On December 7, 2010, upon approval by the State Administration for Industry and Commerce, the company was renamed to Boon Technologies Joint-stock Co., Ltd.
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