China New Epoch Co., Ltd., Li Rongrong, Zhou Zhengchang, Wang Xiaoping, Yang Runzhong, Fu Zeyuan, Huang Li and Hua Jinzhou signed a letter of intent to acquire 29.75% stake in Daheng New Epoch Technology Inc. (SHSE:600288) from Zheng Suzhenfor CNY 1.7 billion on August 5, 2025. A cash consideration of CNY 1.71 billion valued at CNY 13.17 per share will be paid by China New Epoch Co., Ltd. As part of consideration, CNY 1.71 billion is paid towards common equity of Daheng New Epoch Technology Inc.