QuantaSing Announces Further Investments into Letsvan

Core Viewpoint - QuantaSing Group Limited is taking steps to acquire all remaining equity interests in Shenzhen Yiqi Culture Co., Ltd. (Letsvan) through a combination of cash and stock consideration, aiming to enhance its competitive advantages in the pop toy segment and consumer sectors [1][4]. Group 1: Acquisition Details - The company has previously invested in Letsvan, which focuses on IP incubation, copyright commercialization, and cultural products, and has gained control to consolidate its results into QuantaSing's financial statements [2]. - The acquisition will involve issuing 18,219,330 Class A ordinary shares to Mr. Huiyu Zhan, the founder of Letsvan, as part of the consideration for his remaining interests [3]. - Mr. Zhan will be appointed to QuantaSing's board of directors to facilitate the integration of Letsvan into the company's strategies [3]. Group 2: Strategic Implications - The acquisition is expected to create synergies by integrating resources from both companies, enhancing QuantaSing's competitive positioning in the pop toy market and overall consumer sectors [4]. - QuantaSing aims to strategically diversify its portfolio while maintaining financial discipline, particularly in the pop toys sector [7].