QuantaSing(US:QSG) Zhi Tong Cai Jing·2025-08-04 15:44Core Viewpoint - Quantum Song (QSG.US) announced the acquisition of the remaining equity of its subsidiary Shenzhen Yiqi Culture Co., Ltd. (Letsvan), marking a significant step towards deep integration of their trendy toy business [1] Group 1: Acquisition Details - The acquisition will be executed through a combination of cash and stock, with Quantum Song issuing approximately 18.22 million Class A common shares to Letsvan's founder and CEO, Zhan Huiyu, as compensation for the remaining equity [1] - The shares will be delivered in three phases and will include vesting and lock-up provisions [1] Group 2: Strategic Implications - To accelerate the integration of the trendy toy business and strategic collaboration, Quantum Song plans to appoint Zhan Huiyu as a director of the company effective August 1, 2025 [1]