Recently, among the eight subscribers of TCL Group's directional increase issuance, a subscriber named Zhang Dazhong subscribed to 10 million shares at a price of 2.58 yuan per share. Afterwards, TCL Group confirmed that this subscriber, Mr. Zhang Dazhong, is indeed the founder of Dazhong Appliances.
At the end of 2007, Zhang Dazhong sold all the storefronts of Dazhong Appliances, which he had operated for more than 20 years, to Gome Electrical Appliances for approximately 3.65 billion yuan. In early 2008, with 3 billion yuan in post-tax funds, Zhang Dazhong established Dazhong Investment in the former headquarters of Dazhong Appliances.