QUNXING(SZ:002575) Zheng Quan Zhi Xing·2025-07-22 08:07Group 1 - The company, Guangdong Qunxing Toys Co., Ltd., is planning a significant asset restructuring by signing a share acquisition framework agreement to acquire at least 51% of the equity of the target company, Tian Kuan Technology, through cash payment [1][2]. - This acquisition is expected to constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," but it does not qualify as a related party transaction [2]. - The company and relevant parties are actively advancing the overall process of this transaction, with independent financial advisors, legal advisors, auditing institutions, and evaluation agencies already engaged in on-site work [3]. Group 2 - As of the date of this announcement, the due diligence, auditing, and evaluation processes related to the transaction are progressing in an orderly manner, with ongoing communication and negotiation on core issues of the transaction plan [3]. - The formal agreement has not yet been finalized, and the company will convene a board meeting to review the restructuring plan and submit it for shareholder approval once the relevant work is completed [3].