Core Viewpoint - Youxin Technology Ltd has entered into a definitive agreement to acquire 51% of Celnet Technology Co., Ltd, aiming to enhance its enterprise SaaS capabilities and accelerate growth in CRM services [1][2][4]. Group 1: Acquisition Details - The acquisition involves a cash payment of RMB 5,236,680 (approximately US$736,461) along with equity and cash incentives based on performance targets [2]. - This strategic move is intended to strengthen Youxin Technology's position in the digital transformation ecosystem in China [4]. Group 2: Celnet Technology Overview - Celnet is recognized as the largest Salesforce.com partner in China, specializing in information integration and management solutions [3][6]. - The company has successfully completed over 580 projects for more than 350 enterprise clients, showcasing its expertise in complex CRM implementations [3]. - Celnet's team consists of 90% Salesforce-certified professionals, emphasizing its strong industry recognition and capability in AI-driven CRM solutions [3]. Group 3: Youxin Technology Overview - Youxin Technology provides SaaS and PaaS solutions aimed at helping retail enterprises with digital transformation, offering a comprehensive suite of tools for omnichannel commerce [5]. - The company's products facilitate real-time sales data management, connecting various stakeholders in the retail ecosystem [5].
Youxin Technology Ltd Enters into Definitive Agreement to Acquire Celnet Technology Co., Ltd.