Core Viewpoint - Wang Jianlin's Wanda Group is selling a 30% stake in its core financial asset, Kuaiqian Financial, to China Ruyi for 240 million yuan, reflecting a significant decrease in valuation over the years [1][4] Group 1: Transaction Details - The agreement involves a cash payment of 240 million yuan, to be paid in three installments [1] - Following the transaction, China Ruyi will become the largest single shareholder of Kuaiqian Financial [1] - The current valuation of Kuaiqian Financial is approximately 800 million yuan, a 70% decrease from the 2.015 billion yuan valuation when Wanda acquired a 68.7% stake in 2014 [1][6] Group 2: Strategic Implications - China Ruyi aims to expand its business into third-party payment and fintech sectors through this acquisition, which is expected to support long-term growth [4] - The transaction results in a fragmented ownership structure for Kuaiqian Financial, with no single shareholder holding more than 50%, complicating Wanda's financial ambitions [4] Group 3: Kuaiqian Financial Overview - Kuaiqian Financial, established in 2004, holds a third-party payment license issued by the People's Bank of China and is involved in providing comprehensive payment solutions [6][7] - The company has been recognized as a key asset within Wanda's financial strategy, with plans to create an internet financial ecosystem centered around Kuaiqian [7] Group 4: Historical Context - Wanda's financial division has faced challenges, including a restructuring in 2016 and a name change to Wanda Investment Group due to financial strain [8][9] - Kuaiqian has experienced management instability, with multiple changes in legal representatives since 2017 [9] Group 5: Regulatory Issues - Kuaiqian Financial has faced several penalties for regulatory violations, including fines for inadequate anti-money laundering measures and improper account management [11]

Core Viewpoint - Wang Jianlin is selling assets again, this time in the internet finance sector with the sale of Kuaiqian Financial [1] Group 1: Transaction Details - On July 22, China Ruyi announced that its wholly-owned subsidiary Shanghai Ruyi Xingchen Enterprise Management Co., Ltd. signed a share transfer agreement to acquire 30% of Kuaiqian Financial for 240 million yuan, payable in three installments, valuing Kuaiqian Financial at approximately 800 million yuan [1] - After the transaction, China Ruyi will become the largest single shareholder of Kuaiqian Financial, but Kuaiqian will not become a subsidiary of China Ruyi [1] Group 2: Background of Kuaiqian Financial - Kuaiqian Financial is primarily owned by Shanghai Wanda Network Financial Services Co., Ltd., which is part of Dalian Wanda Group [2] - Wang Jianlin is the actual controller of Kuaiqian Financial, holding approximately 27% of the shares [3] Group 3: Historical Context - In late 2014, Wanda acquired a controlling stake in Kuaiqian for 315 million USD (approximately 225.7 million yuan), marking Wanda's first acquisition in the internet finance sector [6] - Kuaiqian ranked fourth in transaction volume in 2014, behind UnionPay Business, Alipay, and WeChat Pay, with a transaction volume exceeding 2 trillion yuan [6] - Wanda achieved full ownership of Kuaiqian in 2017, but since 2018, there have been multiple reports of Wanda planning to sell Kuaiqian's payment license, with various potential buyers but no successful transactions [8] Group 4: Value and Risks of Kuaiqian - The core value of Kuaiqian lies not only in its full license qualifications but also in the scarcity of payment licenses and the current policy window [10] - The acquisition allows China Ruyi to obtain national payment qualifications at a low cost and position itself in digital finance and cross-border payment sectors [11] - However, Kuaiqian has faced over 10 million yuan in fines in the past three years, indicating weaknesses in its risk control system, which China Ruyi will need to address [11] - Kuaiqian's revenue is heavily reliant on offline transaction scenarios, which are currently shrinking, raising concerns about future profit growth [11] Group 5: China Ruyi's Background - This is not the first time China Ruyi has acquired assets from Wanda; it has previously acquired 100% of Wanda Investment and indirectly became the actual controller of Wanda Film [13] - China Ruyi, formerly known as Masgar Group, has transitioned from producing television dramas to films and has gained public attention through successful projects [13]

Core Viewpoint - China Ruyi continues its acquisition strategy by purchasing a 30% stake in Kuaiqian Financial for 240 million yuan, aiming to expand into the payment sector and enhance its business diversification [1][2][3]. Group 1: Acquisition Details - China Ruyi's subsidiary Shanghai Ruyi Xingchen Enterprise Management Co., Ltd. has signed a conditional equity transfer agreement to acquire 30% of Kuaiqian Financial from Shanghai Wanda Network Financial Services Co., Ltd. for 240 million yuan, payable in three installments [1][2]. - The estimated valuation of Kuaiqian Financial is approximately 800 million yuan, and it is one of the few licensed third-party payment institutions in mainland China [2][3]. Group 2: Strategic Implications - Kuaiqian Financial holds various payment licenses, including internet payment, mobile payment, and cross-border RMB payment, which positions it well in the financial technology sector [2][3]. - The acquisition is expected to create synergies with China Ruyi's existing businesses, such as online streaming and gaming services, potentially enhancing user payment experiences and cash flow [6][7]. Group 3: Market Context - The payment industry is experiencing stricter regulations, leading to a scarcity of payment licenses, making Kuaiqian Financial's full licensing valuable for China Ruyi [3][6]. - Despite the acquisition, Kuaiqian Financial is classified as a micro-enterprise with zero employees, raising questions about the risks associated with this investment [1][6]. Group 4: Future Outlook - The integration process between China Ruyi and Kuaiqian Financial may take one to three years, depending on the effectiveness of the consolidation efforts [7]. - This acquisition is part of a broader strategy by China Ruyi to build a comprehensive business ecosystem, leveraging assets from the Wanda Group to enhance market competitiveness [7].

Core Viewpoint - The acquisition of a 30% stake in Kuaiqian Financial Services (Shanghai) Co., Ltd. by Shanghai Ruyi Starry Enterprise Management Co., Ltd. is expected to enhance China Ruyi's business expansion into the third-party payment and fintech sectors, leveraging synergies with its existing operations in online streaming and gaming services [2][5][6]. Group 1: Acquisition Details - China Ruyi announced the signing of a share transfer agreement involving its indirect wholly-owned subsidiary, Shanghai Ruyi Starry, and Kuaiqian Financial Services [1]. - The acquisition price for the 30% stake in Kuaiqian Financial Services is set at 240 million yuan [2]. - The completion of the transaction is subject to several preconditions, including approval from the central bank [3]. Group 2: Strategic Implications - Following the acquisition, China Ruyi will become the largest single shareholder of Kuaiqian Financial Services, although the latter will not become a subsidiary of China Ruyi [4]. - The acquisition is anticipated to facilitate the expansion of China Ruyi into the fintech sector, with potential long-term growth benefits [5][6]. - Kuaiqian Financial Services is recognized as one of the first partners of the People's Bank of China for digital currency research, indicating its capability to process digital yuan and its active role in cross-border payment solutions [5][6]. Group 3: Historical Context - China Ruyi has previously engaged in multiple acquisitions of assets under the Wanda Group, including a recent acquisition of a 49% stake in Beijing Wanda Investment Co., Ltd. for 2.262 billion yuan [7]. - This acquisition positions China Ruyi as the second-largest shareholder in Wanda Investment, indirectly holding 9.8% of Wanda Film [7][8]. - The series of transactions has resulted in a shift in control of Wanda Film from Wang Jianlin to the Ruyi Group, marking a significant change in ownership dynamics [8].

Group 1 - The core announcement is about China Ruyi's significant equity acquisition plan, where its wholly-owned subsidiary will acquire 30% of Kuaiqian Financial for a total value of RMB 240 million [1] - The payment for the acquisition will be completed in three stages, and after the acquisition, China Ruyi will become the largest single shareholder of Kuaiqian Financial [1] - Kuaiqian Financial holds a strong position in the third-party payment sector, having obtained one of the first third-party payment licenses from the People's Bank of China in 2011 [1][2] Group 2 - Kuaiqian Financial provides comprehensive payment solutions primarily for large and medium-sized enterprises, with a rich merchant resource base across various industries including finance, insurance, travel, retail, and cross-border [1] - The acquisition is expected to expand China Ruyi's business into the third-party payment and fintech sectors, creating synergies with its existing online streaming and gaming services [1] - Post-acquisition, Kuaiqian Financial will not be a subsidiary of China Ruyi but will be treated as an associate company, with its financial performance not consolidated into the group's financial statements [2]

Group 1 - The company announced a conditional agreement to acquire 30% equity in a target company for a cash consideration of RMB 240 million, to be paid in three installments [1] - The target company is a licensed third-party payment institution in China, providing comprehensive payment solutions and actively expanding into overseas markets [1][2] - The acquisition is expected to enhance the company's business expansion into the third-party payment and fintech sectors, contributing to long-term growth and development [2] Group 2 - The target company holds multiple payment business licenses, including internet payment, mobile payment, and cross-border RMB payment, and has established a solid market position and business foundation [2] - The acquisition is anticipated to create synergies with the company's existing businesses, including online streaming and gaming services, as well as its indirect investment in Wanda Film [2] - The target company is one of the first cooperative institutions with the People's Bank of China for digital currency, indicating strong potential for policy alignment and technological innovation [2]

中国儒意：拟2.4亿元购买快钱金融30%股权 智通财经7月22日电，中国儒意在港交所公告，近日，本公司的间接全资附属公司上海儒意星辰企业管 理有限公司（买方）、上海万达网络金融服务有限公司（卖方）及快钱金融服务（上海）有限公司（目 标公司）订立股权转让协议。据此，买方有条件同意受让而卖方有条件同意转让目标公司30%股权，现 金代价为人民币240,000,000元，分三期支付。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失 承擔任何責任。 China Ruyi Holdings Limited 本公司欣然宣佈，近日，本公司的間接全資附屬公司上海儒意星辰企業管理有限公司（「買 方」）、上海萬達網絡金融服務有限公司（「賣方」）及快錢金融服務（ 上海 ）有限公司（「目標公 司」）訂立股權轉讓協議（「協議」）。據此，買方有條件同意受讓而賣方有條件同意轉讓目標 公司30%股權（「收購事項」），現金代價為人民幣240,000,000元，分三期支付。 目標公司於2011年首批獲得中國人民銀行（「央行」）頒發的第三方支付牌照，主要為大中型 企業提供綜合支付解決方案，同時積極佈局海外，發展數字人民幣，推出跨境收付款、全 球收單、跨國人民幣結算、海外購等多種跨境產品，大力拓展跨境業務，為跨境多場景提 供綜合支付解決方案。 中 國 儒 意 控 股 有 限 公 司 （ 於百慕達註冊成立之有限公司） （股份代號：136） 自願公告 收購目標公司的30%股權 本公告由 ...

Core Viewpoint - As of July 18, 160 stocks reached their 52-week highs, with notable performances from China New Economy Investment (00080), Aoyuan Group Equity (02905), and Zhong An Holdings Group (08462) showing high growth rates of 288.89%, 55.28%, and 50.00% respectively [1][2]. Summary by Category 52-Week High Performers - China New Economy Investment (00080) closed at 0.440, with a peak price of 0.700, achieving a growth rate of 288.89% [2]. - Aoyuan Group Equity (02905) closed at 0.218, with a peak price of 0.250, achieving a growth rate of 55.28% [2]. - Zhong An Holdings Group (08462) closed at 0.221, with a peak price of 0.228, achieving a growth rate of 50.00% [2]. - Other notable performers include Hualian International (00969) with a growth rate of 40.13% and Zhongke Bio (01237) with a growth rate of 37.25% [2]. Additional High Performers - Wanma Holdings (06928) closed at 0.550 with a growth rate of 30.43% [2]. - Lepu Biopharma-B (02157) closed at 7.940 with a growth rate of 24.54% [2]. - Other stocks with significant growth include ZhiJianYueDong (06860) at 17.14% and China Jindian Group (08281) at 17.12% [2]. 52-Week Low Performers - The document also lists stocks that reached their 52-week lows, with XI Ernan CO-U (09311) showing a decline of 16.10% [6]. - Other notable declines include XI Ernan CO (07311) at -12.62% and Haotian International Construction Investment (01341) at -5.70% [6].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國儒意控股有限公司("本公司") 呈交日期： 2025年7月8日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) 第 2 頁 共 6 頁 v 1.3.0 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- ...