Group 1 - The announcement from Tianpu Co., Ltd. addresses the regulatory inquiries regarding the change of control, focusing on acquisition funding, concerted actions, and insider information management [1][2] - The main acquirer, Zhonghao Xinying (Hangzhou) Technology Co., Ltd., will invest 9.65 billion yuan entirely from its own funds, with previous plans to use bank loans for the acquisition now adjusted [1] - As of August 28, 2025, Zhonghao Xinying has a current asset balance of 18.21 billion yuan and a current liability balance of 4.45 billion yuan, resulting in a quick ratio of approximately 3.17, indicating strong short-term solvency [1] Group 2 - Another acquirer, Hainan Xinfan Enterprise Management Partnership (Limited Partnership), plans to invest 3.95 billion yuan, with all contributions being self-funded and no debt arrangements [2] - The investors in Hainan Xinfan and its general partner, Shanghai Xinfan, are primarily existing shareholders or affiliates of Zhonghao Xinying, enhancing the alignment of interests among the acquirers [2] - The announcement clarifies the responsibilities and interests of all parties involved, with Yang Gongyifan being the core contributor, holding a combined 64.03% of the total transaction amount [2]
天普股份回复控制权变更事项监管函