Core Viewpoint - The company, Crayon Shin-chan Food Group, is diversifying its business by acquiring an AI software development company for approximately HKD 188 million, despite the target company currently being unprofitable. This move aims to enter emerging industries and expand revenue sources, although challenges remain in integrating AI with its core jelly business [1][2][3]. Group 1: Acquisition Details - Crayon Shin-chan Food Group has signed an agreement to acquire 100% of Qucloud AI HK Limited for HKD 188 million, which is a holding company with a subsidiary focused on AI applications for various industries [2]. - The target company, Beijing Qucloud, is currently operating at a loss, with projected revenues of approximately HKD 175 million and HKD 110 million for 2024 and 2025, respectively, and losses of HKD 41.44 million and HKD 20.88 million for the same years [2]. Group 2: Financial Performance - The company has experienced a turnaround in its financial performance, achieving a revenue of HKD 516 million in the first half of 2025, a 4.5% year-on-year increase, and a net profit of HKD 2.524 million, marking a return to profitability after ten years of losses [4]. - Jelly products remain the primary revenue source, accounting for 91.2% of total revenue in the first half of 2025, up from 86.9% in mid-2024 [5]. Group 3: Industry Context - The jelly market in China is projected to exceed HKD 31 billion in 2024, with a compound annual growth rate of 14.8%, reaching HKD 65 billion by 2030, indicating a competitive landscape with evolving consumer preferences [6]. - The industry is shifting towards health-oriented and functional products, with companies investing in natural ingredients and innovative formulations to meet changing consumer demands [6][7].

Core Insights - Crayon Shin-chan Foods is diversifying its business by acquiring Qucloud AI HK Limited for HKD 188 million, aiming to transform into a data-driven modern consumer goods group [1][3] Group 1: Acquisition Details - The acquisition will be financed through the issuance of consideration shares and convertible bonds, with 20.83 million shares priced at HKD 3.98 each, totaling approximately HKD 81 million, representing about 9.54% of the company's share capital before the transaction [1] - The convertible bonds will have a principal amount of HKD 106 million, with a conversion price of HKD 4.62 per share, potentially issuing 22.85 million shares, which would account for approximately 10.46% of the company's share capital before the transaction [1] - Post-acquisition, Crayon Shin-chan Foods will control Beijing Qucloud Technology Co., Ltd., which focuses on developing AI-driven software applications for businesses, including food and consumer goods manufacturers [1] Group 2: Financial Performance - Crayon Shin-chan Foods has faced continuous net profit losses since 2015, with losses amounting to CNY 338 million in 2015 and projected losses of CNY 41.45 million and CNY 20.88 million for 2024 and 2025, respectively [2] - Despite the ongoing losses, the company reported a revenue increase of 4.5% year-on-year to CNY 516 million in the last half of the previous year, with a net profit turnaround to CNY 2.52 million from a loss of CNY 43.64 million in the same period [2] Group 3: Strategic Rationale - The acquisition is seen as a strategic move to leverage Qucloud's technology and customer resources in smart marketing, aiming to enhance operational and marketing efficiency while expanding revenue sources [3][4] - The integration of AI capabilities into traditional marketing is a trend among food industry companies, with examples including Mondelez and Nestle utilizing AI to optimize marketing costs and content creation [3][4] - Analysts suggest that the acquisition reflects a "self-rescue" strategy for Crayon Shin-chan Foods, seeking high-margin opportunities through technology rather than traditional asset-heavy expansion [4]

Group 1: Acquisition Overview - Crayon Shin-chan Foods has signed an agreement to acquire 100% of Qucloud AI HK Limited for HKD 188 million, marking its entry into the data-driven consumer goods sector [1] - The acquisition will be financed through the issuance of consideration shares and convertible bonds, with 20.83 million shares priced at HKD 3.98 each, totaling approximately HKD 81 million, representing about 9.54% of the company's share capital before the transaction [1] - Post-acquisition, Crayon Shin-chan Foods will control Beijing Qucloud Technology Co., Ltd., which focuses on developing AI-driven software applications for businesses, including food and consumer goods manufacturers [1] Group 2: Financial Performance and Market Position - Crayon Shin-chan Foods has faced continuous net profit losses since 2015, with losses amounting to approximately HKD 338 million in 2015 and reaching HKD 93.46 million in 2024 [2] - Despite the ongoing losses, the company reported a 4.5% year-on-year revenue growth to HKD 516 million in the first half of the previous year, with a net profit turnaround to HKD 2.52 million from a loss of HKD 43.64 million in the same period [2] Group 3: Strategic Rationale for Acquisition - The company aims to leverage Qucloud's technology and client resources in smart marketing to diversify its revenue streams and create synergies with its existing business [3] - The acquisition is seen as a strategic move to enhance operational and marketing efficiency, as well as brand loyalty through AI solutions, aligning with the industry's shift towards data-driven marketing [3][4] - Industry experts suggest that the acquisition reflects a trend where food companies are integrating AI capabilities to improve marketing ROI and potentially offer technology services externally, creating a second growth avenue [4]

Core Viewpoint - Crayon Shin-chan Foods is making a strategic move to transform into a data-driven modern consumer goods group by acquiring Qucloud AI HK Limited for HKD 188 million, indicating a shift towards AI-driven marketing and operational efficiency [2][4]. Group 1: Acquisition Details - The acquisition will be financed through the issuance of consideration shares and convertible bonds, with 20.83 million shares priced at HKD 3.98 each, representing approximately 9.54% of the company's share capital before the transaction [2]. - The convertible bonds amount to HKD 106 million, with a conversion price of HKD 4.62 per share, potentially leading to the issuance of 22.84 million shares, which would account for about 10.46% of the company's share capital before the transaction [2]. Group 2: Financial Performance - Crayon Shin-chan Foods has faced continuous net losses since 2015, with cumulative losses reaching HKD 338 million in 2015 and projected losses of HKD 41.45 million and HKD 20.88 million for 2024 and 2025, respectively [3]. - Despite the ongoing losses, the company reported a revenue increase of 4.5% year-on-year to HKD 516 million in the first half of 2025, with a net profit turnaround to HKD 2.52 million from a loss of HKD 43.64 million in the same period last year [3]. Group 3: Strategic Rationale - The company aims to leverage Qucloud's technology and client resources in smart marketing to enhance operational and marketing efficiency, thereby expanding revenue sources and creating synergies with existing business [4]. - The acquisition aligns with a broader industry trend where food companies are integrating AI capabilities to improve marketing effectiveness and operational efficiency, as seen with other major players like Mondelez and Nestlé [4][5]. Group 4: Industry Context - The shift towards AI-driven marketing reflects a structural trend in the food industry, where companies are increasingly focusing on digital operational capabilities to enhance consumer engagement and optimize inventory [5]. - Crayon Shin-chan Foods' acquisition strategy is seen as a "self-rescue" effort to find high-margin growth opportunities amid performance pressures, contrasting with larger multinational firms that have more substantial capital and established digital infrastructures [5].

Group 1 - Crayon Shin-chan Foods announced the acquisition of Qucloud AI HK Limited for HKD 188 million, marking its transition from a traditional jelly manufacturer to an AI-driven data company [2] - The acquisition will be paid entirely in shares, with 20,834,480 shares issued at HKD 3.98 each, totaling approximately HKD 81 million, and a zero-interest convertible bond worth approximately HKD 106 million [2] - The convertible bond, if fully converted, will result in the issuance of about 22.84 million shares, representing 10.46% of the existing share capital [2] Group 2 - Aipu Co., Ltd. plans to acquire 80% of Noah Saint No (Taicang) Biotechnology Co., Ltd. for CNY 360 million, with a total estimated value of the target company at no less than CNY 450 million [3] - The final transaction price will be determined based on due diligence, audit, and valuation results [3] Group 3 - Jinfeng Technology announced plans to acquire 51% stakes in two liquid cooling companies for a total consideration of up to CNY 714 million [4] - The acquisition of both companies is interdependent, meaning both transactions must be completed simultaneously [4] Group 4 - Mingde Bio announced a cash investment of CNY 35.7 million to acquire 51% of Hunan Lanyi Medical Equipment Co., Ltd., making it a subsidiary [5] - The acquisition is contingent upon the completion of historical debt agreements and further acquisition of remaining shares based on performance conditions [5] Group 5 - Zhejiang Haizheng Pharmaceutical reached a settlement requiring a cash payment of approximately CNY 129 million and the acquisition of shares from Genius III [7] - This settlement aims to resolve previous arbitration rulings and will increase the company's shareholding in Cayman Daoming [7] Group 6 - Sergio Ramos and Five Eleven Capital Group are advancing their acquisition of Sevilla FC, with a new investment of approximately EUR 450 million [8] - The funds will primarily be used to acquire about 65% of the club's shares, with additional investments being sought to alleviate potential loan pressures [8] Group 7 - Tether's investment division acquired approximately 12% of Goldcom for USD 150 million, integrating its gold stablecoin XAUt into the platform [8] - The partnership aims to facilitate the purchase of physical gold using USDT and USAt in the U.S. market [8] Group 8 - Infineon Technologies announced the acquisition of ams Osram's non-optical analog/mixed-signal sensor product group for EUR 570 million [9] - This acquisition is expected to enhance Infineon's product portfolio and generate approximately EUR 230 million in revenue by 2026 [9]

Group 1 - The core purpose of the acquisition is to reduce reliance on traditional jelly business, which accounted for 91.22% of the company's revenue in the first half of 2025, while other segments like sweets and beverages are declining [2][5] - The acquisition involves a total payment of HKD 188 million, structured as 20,834,480 shares at HKD 3.98 each and a zero-interest convertible bond worth approximately HKD 1.06 billion, with a conversion price of HKD 4.62 per share [1][5] - The transaction is expected to be completed in the first half of 2026, with plans to retain the original team of Qucloud AI to facilitate technology integration [7] Group 2 - Qucloud AI's capabilities in AI marketing solutions are expected to enhance the company's main business, improving customer behavior analysis and marketing precision [2][6] - The acquisition aligns with industry trends where food companies are increasingly adopting AI tools for marketing efficiency, marking a significant move as it is the first direct acquisition of a tech company in this sector [2][6] - If integration is successful, the company aims to increase the contribution of AI business to total revenue to 15%-20% by 2027 and reduce marketing cost rates by approximately 5 percentage points [7]

Group 1 - The company has entered into a conditional sale agreement to acquire 100% of Qucloud AI HK Limited for HKD 188 million, which will be settled through the issuance of 20,834,480 shares at an issue price of HKD 3.98 per share and convertible bonds [1] - The acquisition will result in the issuance of new shares representing approximately 9.54% of the company's existing share capital, and after the issuance, the enlarged share capital will be approximately 8.71% and 7.95% when considering the conversion of the bonds [1] Group 2 - Qucloud AI HK Limited is an investment holding company with a wholly-owned subsidiary, Beijing Qucloud, which develops software applications using AI models to analyze customer behavior and enhance operational and marketing efficiency for clients in the food and consumer goods sectors [2] - The demand for digital and AI solutions is increasing globally, creating a significant market with growth potential, as businesses prioritize efficiency, scalability, and data-driven decision-making [2] - The target company has proven the value and effectiveness of its solutions across various industries, including automotive, fast-moving consumer goods (FMCG), real estate, and education, which is a key reason for the acquisition [2] Group 3 - The acquisition will allow the company to enter an emerging industry, diversify its revenue sources, and create synergies with its existing business [3] - The company aims to utilize the target's smart marketing tools to achieve precise customer engagement, significantly enhancing operational and marketing efficiency and brand loyalty [3] - Long-term, the acquisition is expected to accelerate the company's transformation from a traditional manufacturing entity to a data-driven modern consumer goods group through AI solutions [3]

Group 1 - The company Crayon Shin-chan Foods (01262) plans to acquire Qucloud AI HK Limited for HKD 188.48 million, issuing 20.83448 million shares at HKD 3.98 per share and convertible bonds worth approximately HKD 106 million with a conversion price of HKD 4.62 per share [1] - Qucloud AI HK Limited is a wholly foreign-owned enterprise in China with no substantial business operations, while its subsidiary, Beijing Qucloud, focuses on developing software applications using AI models to analyze customer behavior and enhance operational and marketing efficiency [1][2] Group 2 - The target company has popular products and services in consumer and smart marketing, demonstrating value and effectiveness across various industries such as automotive, fast-moving consumer goods (FMCG), real estate, and education [2] - The acquisition is expected to allow the group to enter an emerging industry, expand revenue sources, and create synergies with existing operations, utilizing the target company's smart marketing tools to enhance operational efficiency and brand loyalty [2] - In the long term, the acquisition aims to help the group establish precise interaction capabilities with customers through AI solutions, accelerating its transformation from a traditional manufacturing company to a data-driven modern consumer goods group [2]

Group 1 - The company Crayon Shin-chan Foods (01262) plans to acquire Qucloud AI HK Limited for HKD 188.48 million, issuing 20.83 million shares at HKD 3.98 per share and convertible bonds worth approximately HKD 106 million [1] - Qucloud AI HK Limited is a wholly foreign-owned enterprise in China with no substantial business operations, while its subsidiary, Beijing Qucloud, focuses on developing software applications using AI models to analyze customer behavior and enhance operational and marketing efficiency [1] Group 2 - The target company has widely favored products and services in consumer and smart marketing, demonstrating the value and effectiveness of its solutions across various industries, including automotive, fast-moving consumer goods (FMCG), real estate, and education [2] - The acquisition is expected to allow the group to enter an emerging industry, expand revenue sources, and create synergies with existing operations, utilizing the target company's smart marketing tools to achieve precise customer engagement and significantly enhance operational and marketing efficiency [2] - In the long term, the acquisition aims to help the group establish its capability for precise interaction with customers through AI solutions, accelerating its transformation from a traditional manufacturing company to a data-driven modern consumer goods group [2]

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佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，且表明不會就因本公佈全部 或任何部份內容或因倚賴該等內容而引致之任何損失承擔任何責任。 財務顧問 申萬宏源融資（香港）有限公司 本公佈僅供參考之用，並不構成收購、購買或認購本公司任何證券的邀請或 要約。 LABIXIAOXIN SNACKS GROUP LIMITED 蠟筆小新休閒食品集團有限公 司 （於百慕達註冊成立的有限公司） （股份代號：1262） 須予披露交易 收購目標公司涉及根據一般授權發行代價股份 及可換股債券 可換股債券 收購事項 於2026年2月5日，本公司與賣方訂立買賣協議，據此，本公司（或其代名人） 有條件同意購買，而賣方有條件同意出售目標股份，代價為188.48百萬港 元，其將通過於完成後5個營業日內按每股代價股份3.98港元的發行價配發 及發行20,834,480股代價股份以及發行可換股債券償付。 於可換股債券按每股轉換股份4.62港元的轉換價（可予調整）悉數轉換後，將 予發行合共22,848,218股轉換股份，佔本公司現有已發行股本約10.46%，以 及經配發及發行代價股份及 ...