LIONHEAD(SH:600539) Zheng Quan Zhi Xing·2025-08-06 14:12Group 1 - The company, Lionhead Technology Development Co., Ltd., plans to acquire 97.4399% of Hangzhou Lipe Technology Co., Ltd. through a combination of issuing shares and cash payments [1] - The independent financial advisor, Dongfang Securities Co., Ltd., conducted a review of the stock price fluctuations prior to the announcement of the transaction [1] - The stock price of the company increased from 8.81 CNY per share on January 21, 2025, to 10.82 CNY per share on February 21, 2025, reflecting a cumulative increase of 22.81% [1] Group 2 - The Shanghai Composite Index rose by 4.42% during the same period, while the e-commerce index increased by 4.19% [1] - After excluding the impact of the overall market and the industry sector, the company's stock price showed a cumulative increase of 18.39% and 18.62%, respectively [1] - The independent financial advisor concluded that there were no abnormal fluctuations in the stock price, as the cumulative increase did not reach 20% in the 20 trading days prior to the transaction suspension [2]