Gelonghui, May 22丨Shuntai Holdings (01335.HK) announced that on May 22, 2024, the company signed a memorandum of understanding with the seller Huang Weili. (i) the seller intended to sell and the buyer intended to acquire the shares to be sold.

According to the MOU, the buyer intended to acquire and the seller intended to sell the shares for sale (equivalent to all of the issued shares of the target company Sino Leader Ventures Limited). The target company indirectly owns the entire issued share capital of the technology company. Technology companies are mainly engaged in software development and equipment ownership, including but not limited to 4,250 S19-95T and 650 S19-110T.

Digital assets have seen significant growth in recent years. Despite fluctuations in digital asset prices, the overall trend shows a positive long-term outlook. By acquiring target groups, the company strategically positions itself and makes good use of the future growth and appreciation potential of digital assets. The proposed acquisition provides the company with an opportunity to enter or expand the company's influence in the cryptocurrency mining industry. Digital assets play a critical role in the verification and security of digital asset networks, and have become an integral part of the digital asset ecosystem. By integrating the target group's digital asset business into the company's existing infrastructure, the company can diversify its business portfolio and understand the growing market demand for digital asset services.