Beijing, China / London, UK– MP & Silva has announced an agreement to create a strategic partnership with Everbright and Baofeng through an investment from Shanghai Jin Xin investment fund (“Shanghai Jin Xin”).

Shanghai Jin Xin, a company that Baofeng and Everbright established for the strategic partnership, has acquired a 65% equity investment in MP & Silva Group. All of the current MP & Silva shareholders will maintain a significant role in and investment of 35% in the Group after the transaction.