Core Viewpoint - The company plans to enhance its competitive edge in the internet marketing sector by acquiring a 60% stake in Guangzhou Fengteng Network Technology Co., Ltd. for a maximum consideration of RMB 28.8 million, aiming to integrate the target company's capabilities in intelligent advertising systems and data algorithms to expand its marketing operations [1][3][19]. Transaction Overview - The acquisition involves the company's wholly-owned subsidiary, Shanghai Zhongyan Information Technology Co., Ltd., purchasing the stake from Song Ruiyin and Song Ruijin [1][3]. - The total market value of the target company's equity is assessed at RMB 65.3 million, reflecting an increase of RMB 37.8 million, or 137.07%, compared to the audited owner's equity [2][10]. - The purchase price is based on a valuation of RMB 48 million multiplied by the 60% equity stake, resulting in a transaction price of RMB 28.8 million [2][10]. Purpose of the Transaction - The transaction aims to strengthen the company's position in the internet marketing field by leveraging the target company's core competencies in intelligent advertising and data analytics, thereby enhancing marketing capabilities across multiple platforms [3][19]. - It is expected to deepen collaboration with upstream e-commerce platforms, enhancing the company's service capabilities in the e-commerce ecosystem [3][19]. Financial and Performance Metrics - The transaction includes performance assessment clauses, with specific profit and revenue targets set for the years 2025 to 2027 [5][15]. - The performance targets are as follows: - 2025: Net profit of no less than RMB 5 million and revenue of no less than RMB 50 million - 2026: Net profit of no less than RMB 6 million and revenue of no less than RMB 60 million - 2027: Net profit of no less than RMB 7 million and revenue of no less than RMB 70 million [5][15]. Approval and Compliance - The transaction does not constitute a major asset restructuring or related party transaction and has been approved by the company's board of directors without the need for shareholder approval [2][3]. - The completion of the transaction is subject to approval from relevant authorities, and the agreement will automatically terminate if such approval is not obtained [2][3][6]. Target Company Overview - Guangzhou Fengteng Network Technology Co., Ltd. was established in April 2017, with a registered capital of RMB 20 million and operates in digital marketing and user growth across various sectors [8][9]. - The company has established partnerships with leading internet firms such as Alibaba, JD.com, and Meituan, focusing on performance marketing and advertising services [8][9]. Valuation and Pricing - The valuation of the target company was conducted using both the income approach and asset-based approach, with the income approach yielding a higher valuation of RMB 65.3 million [10][12]. - The difference in valuation methods highlights the importance of considering future earnings potential and intangible assets in determining the fair market value [12][13]. Impact on Company Operations - The acquisition is expected to positively influence the company's consolidated net profit if the target company performs well, while underperformance could negatively impact financial results [19]. - The transaction may also lead to the creation of goodwill, which could be subject to impairment risks in the future [19].

Core Viewpoint - *ST返利 plans to acquire 60% equity of Guangzhou Fengteng for a consideration of no more than 28.8 million yuan, aiming to enhance its competitive edge in the internet effect marketing sector [1][3]. Group 1: Acquisition Details - The acquisition will be funded by the company's own funds without any fundraising or financing arrangements [1]. - Guangzhou Fengteng, established in 2017, has received various government qualifications and has a strong presence in digital marketing and user growth across multiple industries [1]. Group 2: Business Operations of Guangzhou Fengteng - Guangzhou Fengteng's operations include performance marketing, information flow advertising agency, and game publishing and operation [2]. - The company acts as a primary agent for major platforms like ByteDance and UC, providing media account opening, recharge, and advertising design services [2]. Group 3: Strategic Intent of the Acquisition - The transaction aims to integrate Guangzhou Fengteng's capabilities in intelligent advertising systems, data algorithms, and refined operations to enhance *ST返利's marketing capabilities across multiple traffic platforms [3]. - This acquisition is expected to deepen *ST返利's collaboration with upstream e-commerce platforms, thereby enhancing its e-commerce ecosystem service capabilities [3].

证券代码：600228 证券简称：*ST 返利 公告编号：2025-046 返利网数字科技股份有限公司 关于对外投资暨收购股权资产的公告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 交易简要内容：返利网数字科技股份有限公司（以下简称"本公司"、"本上 市公司"或"公司"）全资子公司上海众彦信息科技有限公司（以下简称"上海众 彦"）拟以不超过人民币 2,880 万元的对价购买宋瑞银、宋瑞金持有的广州风腾网络 科技有限公司（以下简称"广州风腾"或"标的公司"）60%股权（以下简称"本 次交易"）。 经评估，标的公司股东全部权益于评估基准日的市场价值为人民币 6,530.00 万元，比经审计所有者权益增值 3,775.51 万元，增值率 137.07%。标的公司截至评 估基准日未分配利润约 1,625.55 万元，双方约定由标的公司原股东享有，经交易各 方协商同意，本次交易价格以 4,800 万元乘以交易股权比例 60%确定，为 2,880 万 元。以标的公司 2025 年至 2027 年预测净利润测算，标的公司 P/ ...

Core Viewpoint - *ST Fanli (600228) announced that its wholly-owned subsidiary, Shanghai Zhongyan Information Technology Co., Ltd., plans to acquire 60% equity of Guangzhou Fengteng Network Technology Co., Ltd. from Song Ruijin and Song Ruijin for a consideration not exceeding 28.8 million yuan. The transaction aims to enhance the company's advantages in internet effect marketing and expand its marketing capabilities across multiple traffic platforms [1]. Summary by Relevant Sections - **Transaction Details** - The acquisition price is set at a maximum of 28.8 million yuan [1] - After the transaction, Shanghai Zhongyan will hold 60% equity in Guangzhou Fengteng [1] - **Valuation and Performance** - The total equity of Guangzhou Fengteng was valued at 65.3 million yuan as of the assessment benchmark date, reflecting an appreciation rate of 137.07% [1] - **Strategic Intent** - The transaction is intended to strengthen the company's position in the internet effect marketing sector and to increase the scale of its effect marketing business [1] - The payment for the transaction will be made in installments and will include performance assessment clauses [1]

Core Insights - Rebate Technology (stock code: 600228) reported significant growth in key operational metrics during the 2025 618 shopping festival, indicating strong performance and market resilience [2][4] Group 1: Operational Performance - Active user count during the 618 period increased by 209.5% year-on-year [2] - The number of guided orders rose by 123.7%, with transaction value increasing by 104.3% and rebate amount soaring by 472.1% compared to the same period in 2024 [2] - Categories such as home appliances, mobile communications, computers, digital products, and furniture led in guided transaction value, while categories like gaming/toys, second-hand goods, smart devices, pharmaceuticals, and medical equipment saw transaction value growth exceeding 200% [2] Group 2: Business Strategy and Development - The company has established a business system comprising online shopping guidance, advertising promotion, and platform technology services, driven by a dual strategy of "online shopping guidance + performance marketing" [4] - Online shopping guidance integrates product and service information through rebates, price comparisons, coupon distribution, and content marketing to direct users to third-party e-commerce platforms, generating commission and advertising revenue [4] - The company invested 30.42 million yuan in R&D in 2024, accounting for 12.47% of its main business revenue, and has obtained 163 software copyrights and 7 invention patents under substantive review [4] Group 3: International Expansion - Rebate Technology is actively exploring international markets, having signed a strategic cooperation agreement with Awin, a leading global e-commerce affiliate marketing platform, to establish cross-border promotion mechanisms [5] - This partnership aims to help domestic brands efficiently connect with European media channels, niche bloggers, and localized traffic sources, thereby reducing initial trial and error costs and enhancing the ability to tackle cross-border operational challenges [5]

Core Viewpoint - The company received an administrative regulatory measure decision from the Jiangxi Securities Regulatory Bureau due to inaccuracies in its financial disclosures for the first quarter of 2024, leading to a warning letter issued to the company and its key executives [1][2]. Group 1: Administrative Regulatory Measures - The company, along with its chairman and general manager, is held primarily responsible for violating the regulations of the Information Disclosure Management Measures for Listed Companies [2]. - The warning letter will be recorded in the securities and futures market integrity archives [2]. - The company has the right to appeal the decision within 60 days or file a lawsuit within 6 months [2]. Group 2: Financial Reporting Corrections - The inaccuracies in the financial report were due to a reassessment of the estimated variable consideration in advertising contracts for the first quarter of 2024 [2]. - The correction only affects the financial statements and indicators in the first quarter report and does not impact previously disclosed half-year reports [2]. Group 3: Company Response and Future Actions - The company emphasizes its commitment to rectify the issues raised in the warning letter and improve its financial accounting standards [2]. - The company aims to enhance the quality of information disclosure and promote stable, high-quality development [2]. - The administrative measures will not affect the company's normal production and operational management activities [3].

证券代码：600228 证券简称：*ST 返利 公告编号：2025-045 返利网数字科技股份有限公司 关于公司及相关人员收到《行政监管措施决定书》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 近日，返利网数字科技股份有限公司（以下简称"公司"）收到中国证券监督 管理委员会江西监管局（以下简称"江西证监局"）下发的《关于对返利网数字科 技股份有限公司及葛永昌、隗元元采取出具警示函措施的决定》（以下简称"《行 政监管措施决定书》"）（[2025]12 号），现将有关情况公告如下： 公司上述行为违反了《上市公司信息披露管理办法》（证监会令第 182 号）第 三条第一款的规定。公司董事长和总经理葛永昌、财务负责人隗元元违反了《上市 公司信息披露管理办法》第四条、第五十一条第三款规定，对上述违规行为负有主 要责任。 根据《上市公司信息披露管理办法》第五十二条的规定，我局决定对返利网数 字科技股份有限公司、葛永昌、隗元元采取出具警示函的行政监管措施，并将相关 情况记入证券期货市场诚信档案。 如对本监督管理措施不服，可在收到本决 ...

证券代码：600228 证券简称：*ST 返利 公告编号：2025-044 返利网数字科技股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 返利网数字科技股份有限公司（以下简称"公司"）股票价格于 2025 年 6 月 10 日、2025 年 6 月 11 日、2025 年 6 月 12 日连续 3 个交易日内日收盘价格涨幅 偏离值累计超过 12%，根据《上海证券交易所交易规则》的相关规定，属于股票 交易异常波动情形。 经公司董事会自查及发函问询控股股东及实际控制人，截至本公告披露日， 除公司已披露的事项外，公司、控股股东及实际控制人确认不存在其他应披露而未 披露的重大信息。 风险提示详见本公告"三、相关风险提示"，公司敬请广大投资者注意风险， 理性决策，审慎投资。 一、公司股票交易异常波动的具体情况 公司股票价格于 2025 年 6 月 10 日、2025 年 6 月 11 日、2025 年 6 月 12 日连续 三个交易日内日收盘价格涨幅偏离值累计超过 12%，根据《上海证券交易 ...

上海享锐企业管理咨询事务所(有限合伙) 关于返利网数字科技股份有限公司 股票交易异常波动核查函的回函 返利网数字科技股份有限公司: 贵公司《返利网数字科技股份有限公司关于股票交易异常波动核查的函》 已收悉,现就贵公司核查事项回复如下: 一、截至目前,本企业不存在涉及贵公司的应披露而未披露的重大信息, 包括但不限于重大资产重组、发行股份、上市公司收购、债务重组、业务重组、 资产剥离、资产注入、股份回购、股权激励、破产重整、重大业务合作、引进 战略投资者等重大事项。 二、截至目前,本企业不存在任何根据《上海证券交易所股票上市规则》 等有关规定应披露而未披露的有关上市公司事项,或与该等事项有关的筹划、 商谈、意向、协议等行为,或知悉对贵公司股票及其衍生品种交易价格可能产 生重大影响的事项。 三、本企业及相关股东、实际控制人、本企业董监高人员及家庭成员、近 亲属、密切关系人士、一致行动人近期不存在买卖贵公司股票的情形。 特此函复。 (以下无正文) 上海享锐企业 t 合伙) 上海鹊睿企业管理咨询事务所(有限合伙) 关于返利网数字科技股份有限公司 股票交易异常波动核查函的回函 返利网数字科技股份有限公司: 贵公司《返利网 ...

1.2024 年 12 月 9 日，公司首次实施本次股份回购计划，当日通过集中竞价交 易方式共回购公司股份610,400股，占公司总股本（419,272,377股）的比例为0.15%， 成交的最高价为 7.98 元/股，最低价为 7.79 元/股，已支付的总金额为 4,800,490.00 元（不含印花税、交易佣金等交易费用）。具体情况详见公司于 2024 年 12 月 10 日披露的《关于以集中竞价方式首次回购公司股份的公告》（公告编号：2024-091）。 证券代码：600228 证券简称：返利科技 公告编号：2025-043 返利网数字科技股份有限公司 关于股份回购进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 回购方案首次披露日 | 2024/10/31 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2024 16 11 | 11 | 月 | 日~2025 | 年 | 15 | 日 | | ...