Shitou Co. announced that it plans to acquire 97.4399% of Hangzhou Leap Technology Co. through a combination of share issuance and cash payment, with the counterparties being 14 shareholders including Wang Xulongqi and Deng Haoyu. At the same time, it plans to issue shares to Chongqing Yiyuan and Yicheng Enterprise Management Company to raise supporting funds. The M&A review committee of the Shanghai Stock Exchange is scheduled to hold a meeting on July 24, 2026 to review the transaction application. This transaction still needs to be approved by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission, and there is uncertainty as to whether and when approval will be obtained.
Taiyuan Lionhead Cement Co LtdShitou Co. plans to issue shares to Yicheng Enterprise Management Company to raise supporting funds for the acquisition
Shitou Co. plans to issue shares to Chongqing Yiyuan to raise supporting funds for the acquisition