Hangzhou Raycloud Technology Co.,Ltd announced that according to the "Equity Acquisition Framework Agreement," the company intends to acquire 100% equity of Yitao (ShanDong) Investment Management Co., Ltd. (hereinafter referred to as the "symbol company" or "target company") by paying Cash / Money Market and issuing shares (hereinafter referred to as "this Trade"). The total consideration for this Trade is tentatively set at RMB 0.2 billion, of which RMB 0.11 billion will be paid in Cash / Money Market to purchase 55% of the equity of the symbol company, and RMB 90 million will be paid by issuing shares to acquire 45% of the equity of the symbol company. The Cash / Money Market acquisition and share issuance acquisition are not mutually conditional.