ver 30 agents and dealers¹ of Huawei's Honor brand have acquired all business assets of the budget cellphone brand, according to the joint statement.

联合声明指出，30余家荣耀代理商、经销商完成对荣耀品牌相关业务资产的全面收购。荣耀是华为旗下一款经济型手机品牌。

"This acquisition represents a market-driven investment made to save Honor's industry chain. It is the best solution to protect the interests of Honor's consumers, channel sellers, suppliers, partners and employees," according to the joint statement.

此次收购既是荣耀相关产业链发起的一场自救和市场化投资，能最大化地保障消费者、渠道、供应商、合作伙伴及员工的利益。

The acquisition is a multi-win move for the industry, says the statement, adding that all shareholders² of the new Honor company will fully support the development of the Honor brand, enabling it to leverage³ the industry's advantages in resources, brands, production, channels, and services, and more effectively compete in the marketplace.

此次收购更是一次产业互补，全体股东将全力支持新荣耀，让新荣耀在资源、品牌、生产、渠道、服务等方面汲取各方优势，更高效地参与到市场竞争中。

The change in ownership will not impact Honor's development direction or the stability of its executive and talent teams, allowing the company to continuously consolidate⁴ its foundation for success, says the statement.

所有权的变化不会影响荣耀发展的方向，荣耀高层及团队将保持稳定，继续夯实荣耀成功的基石。