Meiwu Technology Sheds Defunct SMS Subsidiary in Liability-Reducing Sale

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An update from Meiwu Technology Company Limited ( (WNW) ) is now available.

On July 1, 2026, Meiwu Technology Company Limited agreed to sell 100% of its shares in Mahaotiaodong Information Technology Company, a British Virgin Islands subsidiary that indirectly owns Delimond Limited and Code Beating (Xiamen) Technology Company, to independent buyer Li Dong for US$100. The divested unit had focused on SMS services in China but ceased operations in January 2025, and as of December 31, 2025, carried only about US$21 in assets, roughly US$1.4 million in liabilities, and US$1.56 million in losses, leading the board to conclude that shedding the loss-making entities, subject to customary closing conditions, is in shareholders’ best interests and simplifies the group’s structure without materially affecting ongoing operations.

The transaction marks a strategic exit from a discontinued SMS business that had already been impaired and written down, signaling management’s intent to clean up the balance sheet and eliminate non-performing assets. For stakeholders, the move underscores Meiwu’s focus on capital discipline over legacy units that no longer generate value, with the token consideration highlighting that the main benefit lies in offloading liabilities and operational overhead rather than realizing immediate financial proceeds.