On January 24, Shanghai Guao Electronic Technology Co.Ltd(300551) holding subsidiary Donggao (Beijing) Technology Co., Ltd. (hereinafter referred to as “donghi tech”) and Zhigu times (Beijing) Technology Co., Ltd. (hereinafter referred to as “Zhigu times”) signed the letter of intent for acquisition. Donghi tech plans to acquire relevant assets and personnel related to “short-term King app” under Zhigu times, including but not limited to source code, users Software copyright, technicians, operators, content personnel, etc. The agreement signed this time is only an intentional agreement, and the signing procedure does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation.
The company said that the signing of this letter of intent is in line with the strategic development plan of East High Tech to build a multi platform traffic matrix, which aims to give full play to their respective advantageous resources, carry out directional and refined operation according to the different needs of users, expand the company’s business sector and market competitiveness, enhance the company’s ability of sustainable operation and healthy development, and meet the needs of the company’s overall development strategy. If the above letter of intent and subsequent asset acquisition agreements or plans are finally implemented, it will help the company further meet the needs of users, improve business layout, expand development space and profit channels, and empower the sustainable development of the company.
