bingocreator| Ziguang Shares (000938.SZ): Plans to acquire 30% equity of Xinhua III with approximately US$2.143 billion

Gelonghui May 24 丨 Ziguang Shares (000938bingocreator.SZ) announced a major asset purchase plan, and the company plans to pay cash through its wholly-owned subsidiary Ziguang InternationalbingocreatorThe company purchased its 29% stake in Xinhua III from HPE Cayman and purchased its 1% stake in Xinhua III from Izar Holding Co. by paying cash. This time, the listed company purchased a total of 30% stake in Xinhua III. The total purchase price of 30% equity in Xinhua III is approximately US$2.143 billion.

Before and after this transaction, the listed company's main business covered full-stack ICT infrastructure and services such as network, computing, storage, cloud computing, security and smart terminals. This acquisition of a minority stake in Xinhua III will further enhance the profitability of the listed company's main business, leverage synergy effects, optimize the overall business layout, enhance the listed company's ability to resist risks, consolidate its dominant market position, and meet the company's strategic development needs.