Gelonghui, May 21丨Huakai Yibai (300592.SZ) announced that it plans to purchase 100% of the shares of Tongtuo Technology held by Huading Co., Ltd. through cash payment. In this transaction, the price of 100% of Tongtuo Technology's shares was 70,000,000 yuan. The listed company and target company are both participants in the cross-border e-commerce industry. This horizontal merger and acquisition transaction not only conforms to the country's policy orientation on the cross-border e-commerce industry, but also takes into account the business scale and operating advantages of the target company. After the transaction is completed, listed companies will make full use of the policy dividend period and the gold development period to further expand their business scale, especially in emerging markets and key regions encouraged by the policy, further explore market potential, increase market share, enrich product categories and broaden business areas, and significantly enhance their overall competitiveness and industry position.