Zheng Quan Zhi Xing·2025-08-14 13:18Core Viewpoint - Beijing Zhongchang Shiji Information Technology Co., Ltd. (referred to as "Shiji Information") plans to acquire 13.50% of Shenzhen Sihon Software Co., Ltd. (referred to as "Sihon Software") through a share issuance [1][2]. Group 1: Industry and Company Overview - Shiji Information provides comprehensive information management system solutions for the tourism and large consumer sectors, including hotels, restaurants, retail, and entertainment [1]. - Sihon Software, a subsidiary of Shiji Information, focuses on digital solutions for the retail industry, offering standardized software products and payment technology services to small and medium-sized retail businesses [1][2]. Group 2: Transaction Details - The transaction is classified under the "software and information technology services" industry, aligning with the "electronic information" sector as per the State Council's guidelines [2]. - The acquisition is considered a horizontal merger within the same industry, enhancing Shiji Information's control over Sihon Software and improving operational efficiency in the retail information systems sector [2][3]. Group 3: Regulatory Compliance - The independent financial advisor confirms that the transaction does not constitute a reverse listing, as there will be no change in the actual controller of Shiji Information post-transaction [2][3]. - The transaction involves the issuance of shares to acquire the specified stake in Sihon Software [3].