Zhong Zheng Wang·2025-10-24 11:37Core Viewpoint - Xiangcai Co., Ltd. plans to merge with Dazhihui through a share exchange and raise supporting funds by issuing A-shares, with the application accepted by the Shanghai Stock Exchange for review [1] Group 1: Company Actions - The company announced its intention to absorb and merge with Dazhihui by issuing A-shares to all shareholders of Dazhihui [1] - The company has received a notification from the Shanghai Stock Exchange regarding the acceptance of its application for issuing shares to purchase assets and raise supporting funds [1] Group 2: Regulatory Process - The application documents were verified by the Shanghai Stock Exchange and deemed complete and in accordance with legal requirements, leading to the decision to accept the application for review [1] - The transaction is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, indicating that the timeline for approval remains uncertain [1]