This announcement is a separate document:
群兴玩具：中泰证券股份有限公司关于广东群兴玩具股份有限公司管理层收购之独立财务顾问报告
Qunxing Toys: Independent Financial Advisory Report of Zhongtai Securities Co., Ltd. on the management takeover of Guangdong Qunxing Toys Co., Ltd.
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