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Suchen Technology: Wholly-owned subsidiary plans to purchase a 48% stake in the controlling subsidiary for 86.4 million yuan
Suchen Technology Announcement: The wholly-owned subsidiary Shanghai Suchen Digital Technology Co., Ltd. plans to purchase a 48% stake in Beijing Fudi Guangtong Technology Development Co., Ltd., held by minority shareholders Zhang Xiying, Xin Zhitao, and Wan Wuguo, for 86.4 million yuan. After the completion of this transaction, Digital Technology will hold 100% of Fudi Guangtong, and the scope of the company’s consolidated financial statements will remain unchanged. The transaction has been approved by the board of directors and does not constitute a major asset restructuring. The transaction price is based on the valuation provided by a third-party asset appraisal agency and has been determined through negotiation.