Core Viewpoint - Mengwang Technology plans to acquire 100% of Bicheng Digital for 1.28 billion yuan, aiming to enhance its business structure and expand service offerings in the e-commerce sector [1][7]. Group 1: Transaction Details - The acquisition will be executed through a combination of share issuance and cash payment, with a total transaction price of 1.28 billion yuan and additional fundraising not exceeding 830 million yuan [1]. - This transaction constitutes a major asset restructuring and will not result in a change of the actual controller of the company [2]. Group 2: Target Company Overview - Bicheng Digital, established in May 2010, is an e-commerce service provider that connects global brands with Chinese consumers, offering comprehensive e-commerce services [4]. - The company previously attempted an IPO on the ChiNext board in December 2021, but the application was terminated in August 2022 due to market conditions and business adjustments [5]. Group 3: Financial Performance - Bicheng Digital's projected revenues for 2023 and 2024 are 1.281 billion yuan and 1.363 billion yuan, with net profits of 96.855 million yuan and 74.184 million yuan, respectively [5]. - Historical revenue from 2018 to 2021 shows consistent growth, with revenues of 425 million yuan, 612 million yuan, 867 million yuan, and 516 million yuan, alongside corresponding net profits [5]. Group 4: Valuation and Goodwill - The acquisition is based on a valuation of Bicheng Digital's 100% equity at 1.312 billion yuan, reflecting a significant appraisal increase of 164.91% [9]. - The transaction is expected to generate goodwill exceeding 800 million yuan, which will not be amortized but will require annual impairment testing [12][18]. Group 5: Company Performance and Challenges - Mengwang Technology has faced continuous losses over the years, with revenues from 2021 to 2024 reported at 3.175 billion yuan, 4.157 billion yuan, 5.234 billion yuan, and 4.404 billion yuan, and net losses of 238 million yuan, 722 million yuan, 1.822 billion yuan, and a slight profit of 42 million yuan in 2024 [14]. - The company attributes its losses to declining margins in traditional cloud messaging services and delays in new business developments, leading to high expenditure [15].

Core Viewpoint - DreamNet Technology plans to acquire 100% of Hangzhou Bicheng Digital Technology for a total price of 1.28 billion yuan, aiming to enhance its business structure and profitability through this strategic acquisition [1][3]. Group 1: Acquisition Details - The acquisition will be financed through a combination of share issuance and cash payment, with a total consideration of 1.28 billion yuan and additional fundraising not exceeding 830 million yuan [1]. - The transaction involves a significant asset restructuring, as Bicheng Digital previously attempted an IPO on the ChiNext board but withdrew its application in August 2022 due to market conditions [2][3]. - The net profit projections for Bicheng Digital for 2025, 2026, and 2027 are set at no less than 90 million yuan, 108 million yuan, and 125 million yuan, respectively [2]. Group 2: Financial Performance - For the fiscal year 2024, DreamNet Technology is projected to generate revenue of 4.4 billion yuan, while Bicheng Digital is expected to achieve revenue of 1.363 billion yuan [1]. - DreamNet's revenue is anticipated to decline by 15.87% year-on-year in 2024, while its net profit is expected to increase by 102.09% [4]. - In the first quarter of 2025, DreamNet's revenue and net profit are projected to decrease by 34.49% and 57.76%, respectively [4]. Group 3: Valuation and Share Issuance - The valuation of Bicheng Digital's 100% equity is assessed at 1.312 billion yuan, reflecting an appraisal increase of 164.91% [3]. - The share issuance price for the transaction is set at 8.3 yuan per share, with approximately 100 million shares to be issued, representing 11.07% of the total share capital post-issuance [4]. - Following the transaction, the controlling shareholder's stake in DreamNet will decrease from 14.05% to 12.50%, while the combined stake of the sellers will be 7.02% [4].

Market Overview - On June 3, 2025, A-shares experienced a collective adjustment, with the Shanghai Composite Index closing at 3448.45 points, down 0.22%, and the Shenzhen Component Index at 10343.48 points, down 0.48% [1] - The Hong Kong stock market also saw declines, with the Hang Seng Index dropping 0.61% to 24325.4 points, ending a four-day rally [1] - In contrast, U.S. stock markets closed higher, with the Dow Jones up 404.41 points (0.94%) at 43386.84 points, and the Nasdaq rising 194.36 points (0.97%) to 20167.91 points [1] New Stock Offerings - Yitang Co., Ltd. is set to launch an IPO on the Sci-Tech Innovation Board with a price of 8.45 yuan per share and a price-to-earnings ratio of 51.55 times. The company specializes in integrated circuit manufacturing equipment, providing solutions for major global chip manufacturers [3] Financial Sector Developments - The National Financial Regulatory Administration and the People's Bank of China released a plan to establish a high-quality comprehensive inclusive financial system over the next five years, aimed at promoting common prosperity [4][5] - The plan emphasizes the optimization of inclusive financial services, enhancement of credit systems for small and micro enterprises, and support for rural financial services [5] Automotive Industry News - Xiaomi officially launched its first SUV model, the YU7, with prices starting at 253,500 yuan. The model is available in various colors and features [6] Virtual Asset Regulation - Tianfeng International Securities has upgraded its license to provide virtual asset trading services in Hong Kong, reflecting the growing interest in virtual assets under the regulatory framework established by the Hong Kong Securities and Futures Commission [6] Technology Product Launch - Xiaomi introduced the Xiaomi AI glasses, priced from 1,999 yuan, featuring a 12-megapixel camera and support for third-party app video calls and live streaming [7]

证券代码：002123 证券简称：梦网科技 公告编号：2025-057 梦网云科技集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 梦网云科技集团股份有限公司（以下简称"公司"）第八届董事会第三十 九次会议通知及会议材料于2025年6月23日以专人送达、电子邮件等方式发送给 公司全体董事和高级管理人员，会议于2025年6月26日以现场加通讯方式进行表 决。会议应参与表决董事7人，实际参与表决董事7人。本次会议符合《公司 法》及公司章程的有关规定，会议的召开合法、有效。 二、董事会会议审议情况 会议审议并通过了以下决议： （一）以 7 票同意，0 票反对，0 票弃权，审议通过了《关于公司符合发行 股份及支付现金购买资产并募集配套资金暨关联交易相关法律法规规定条件的 议案》 （1）发行股份及支付现金购买资产 本次交易公司拟通过发行股份及支付现金购买碧橙数字全体股东合计持有 的碧橙数字100%股权。 本次交易中，标的资产的审计基准日、评估基准日均为2024年12月31日，交 易价格参考上海众华资产评估有限公司出具的《评估报告》 ...

Meeting Information - The company will hold its second extraordinary general meeting of shareholders on August 25, 2025, at 14:00 [1] - The meeting will be conducted both in-person and via online voting through the Shenzhen Stock Exchange systems [1][2] Shareholder Rights and Participation - All shareholders registered by the close of trading on the day before the meeting are entitled to attend and vote, with the option to appoint a proxy [2] - Proxies do not need to be shareholders of the company [2] Agenda Items - The meeting will review several proposals, including the issuance of shares and cash for asset purchases, which is categorized as a major asset restructuring [5][13] - Specific proposals include signing conditional agreements related to asset purchases and performance compensation [5][12] Voting Procedures - Voting will be conducted through both in-person and online methods, with specific instructions provided for online participation [7][9] - Shareholders can express their voting opinions as "agree," "disagree," or "abstain" for non-cumulative voting proposals [9][10] Additional Information - The company has outlined the registration process for both individual and corporate shareholders, including necessary documentation [6][7] - The company will ensure compliance with relevant regulations regarding the major asset restructuring process [5][13]

梦网云科技集团股份有限公司董事会 基本每股收益 （元/股） 本次交易完成后，上市公司的资产规模、营业收入、净利润、每股收益等财务指 标将得到提升，资产负债率基本不变，不考虑配套融资的影响，2024 年上市公司每股 收益财务指标有所增加。但若标的公司盈利能力低于预期，上市公司未来每股收益短 期内可能会下滑，每股即期回报存在可能被摊薄的风险。 二、上市公司应对本次交易摊薄即期回报采取的措施 关于本次交易摊薄即期回报情况及采取填补措施的说明 梦网云科技集团股份有限公司（以下简称"公司"或"上市公司"）拟发行股份及 支付现金购买杭州碧橙数字技术股份有限公司全部股份并募集配套资金（以下简称 "本次交易"） 根据《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作的意 （国办发〔2013〕110 号）、 见》 《国务院关于进一步促进资本市场健康发展的若干意见》 （国发〔2014〕17 号）和《关于首发及再融资、重大资产重组摊薄即期回报有关事项 的指导意见》（证监会公告〔2015〕31 号）等规定的要求，为保障中小投资者利益， 公司就本次交易对即期回报摊薄的影响进行了分析并提出了具体的填补回报措施，相 关主体对公 ...

Group 1 - The company intends to issue shares and pay cash to acquire all shares of Hangzhou Bicheng Digital Technology Co., Ltd. and raise supporting funds [1][2] - The board of directors has ensured the completeness and compliance of the legal procedures for this transaction, adhering to relevant laws and regulations [1][3] - The company has maintained confidentiality regarding the transaction and has registered insider information [1][2] Group 2 - The board has reviewed and approved the relevant proposals and documents related to the major asset restructuring, fulfilling information disclosure obligations [2][3] - Legal opinions have been obtained from the company's legal advisors confirming the validity of the submitted legal documents for the transaction [3][4] - The company guarantees that the content of the submitted legal documents is true, accurate, and complete, with no false statements or omissions [4]

Core Viewpoint - The company is conducting a transaction to acquire all shares of Hangzhou Bicheng Digital Technology Co., Ltd. and has engaged Shanghai Zhonghua Asset Appraisal Co., Ltd. as the evaluation agency to assess the market value of the target assets [1][2]. Group 1: Independence and Reasonableness of the Evaluation - The evaluation agency, Shanghai Zhonghua, has no related party relationships with the company or the transaction counterpart, ensuring its independence [1]. - The assumptions made in the evaluation report comply with national laws and regulations, and are reasonable according to market practices and asset appraisal standards [1][2]. Group 2: Evaluation Methodology and Purpose - The purpose of the evaluation is to determine the market value of the target assets as of the evaluation benchmark date, providing a reference for the transaction [2]. - The evaluation methods used are appropriate, and the conclusions drawn are reasonable, reflecting the actual situation of the evaluated assets [2]. Group 3: Fairness of the Transaction Price - The transaction price will be based on the evaluation report, adjusted for cash dividends during the transition period, ensuring fairness and reasonableness without harming the interests of the company and minority shareholders [2].

Group 1 - The company intends to issue shares and pay cash to acquire all shares of Hangzhou Bicheng Digital Technology Co., Ltd. and raise matching funds for this transaction [1] - The board of directors confirms that all related parties involved in this transaction have not been investigated for insider trading related to this transaction and have not faced administrative penalties or criminal charges in the last 36 months [1]

Core Viewpoint - The company intends to issue shares and pay cash to acquire all shares of Hangzhou Bicheng Digital Technology Co., Ltd. and raise supporting funds for this transaction [1][2]. Group 1: Transaction Details - The transaction requires multiple approval processes, including approval from the company's shareholders' meeting, review by the Shenzhen Stock Exchange, registration with the China Securities Regulatory Commission, and clearance from national antitrust authorities [1]. - The implementation of the transaction is contingent upon obtaining the necessary approvals and there is uncertainty regarding the timing and outcome of these approvals [1]. Group 2: Compliance and Disclosure - The company will continue to advance the transaction and will strictly adhere to relevant laws and regulations regarding information disclosure [2]. - Investors are advised to pay attention to subsequent announcements and to be aware of investment risks [2].