Core Viewpoint - The company has signed a framework agreement for a potential acquisition of shares in Huamao International Barter Exchange Co., Ltd. from Beijing Duhuang Information Technology Research Institute, which holds 56.7% of Huamao's shares [1] Group 1: Acquisition Details - The agreement allows the company to negotiate the specific share acquisition ratio and price after completing legal, financial, and business due diligence within three months, extendable by mutual consent [1] - Beijing Duhuang grants the company an exclusive negotiation period of twelve months from the signing of the framework agreement [1] Group 2: Huamao's Position and Services - Huamao is recognized as the only international barter exchange approved by the State Administration for Industry and Commerce in China, aiming to create a global unified market and the World Barter Trade Organization (WBTO) [1] - The platform offers nine core services, including trading, incubation, and branding, and collaborates with authoritative organizations for digital upgrades and international expansion [1] Group 3: Strategic Implications - The board believes that signing the framework agreement may bring more business opportunities and allow both the company and Beijing Duhuang to leverage their respective advantages and resources for mutual development in China's international barter trade [1] - This agreement is expected to promote the company's development and align with the best interests of the company and its shareholders [1]

华贸定位为"是经国家工商总局批准的国内唯一一家国际性易货交易所"，致力打造全球统一市场及世界 易货贸易组织(WBTO)。平台提供交易、孵化、品牌等九大核心业务，并联手世界数字经济组织、中国 企业联合会等权威机构，以及国家市场监管总局认证中心，为企业提供数字化升级与国际拓展的全链条 服务。董事会认为，签署框架协议可能为集团带来更多商机，并使集团和北京都煌能够充分发挥各自的 优势、资源和/或专长，共同发展中国国际以物易物。此框架协议将促进集团的企业发展，符合公司及 其全体股东的最佳利益。 智通财经APP讯，中国供应链产业(03708)发布公告，公司于2025年12月9日与北京都煌信息技术研究院 (北京都煌)签署了股权收购框架协议，涉及对华贸国际易货交易所有限公司(华贸)股份的潜在收购。 根据框架协议，目前持有华贸56.7%股份的北京都煌将向公司出售华贸一定比例的股份。待公司完成对 华贸的法律、财务及业务尽职调查后，双方将协商确定具体的股权收购比例和收购价格。尽职调查期限 为自本框架协议签署之日起3个月，经双方同意可延长。此外，北京都煌给予公司自本框架协议签署之 日起十二个月的独家谈判期。 ...

Core Viewpoint - The article discusses the annual Hu Run China Rich List and highlights a unique gift exchange game initiated by Hu Run with Chinese entrepreneurs, aiming to raise funds for charity through the value of exchanged gifts [2][3]. Group 1: Gift Exchange Process - Hu Run started the gift exchange with a 10 yuan mobile phone stand, successfully trading it for various items, including a small robot, an ancient zither, and a painting created by a blind grandmother [5][6][7]. - The exchange process continued with a series of trades, culminating in a controversial exchange involving a biography book from the founder of Liby Group, which was perceived as undervalued compared to the previous jade item [11][13]. - The gift exchange gained significant attention on social media, especially after Hu Run traded a blue sapphire for a unique Labubu toy, which later sold for 108 million yuan [15][16]. Group 2: Public Reaction and Controversy - The exchange involving the biography book sparked criticism from netizens, leading to the return of the jade item by the Liby Group founder [14]. - Hu Run's exchanges have been compared to a grassroots "trading up" phenomenon, where the value of items is subject to public perception and debate, similar to stock market trends [34][35]. - The article notes that while Hu Run's exchanges occur within an elite circle, they still generate significant public interest and discussion, contrasting with more open grassroots initiatives [36]. Group 3: Cultural and Symbolic Aspects - The gift exchange reflects a ceremonial and symbolic act rather than a mere transactional exchange, akin to the Kula exchange among the Trobriand Islanders, emphasizing identity and social bonds [38]. - The article draws parallels between Hu Run's initiative and other successful "trading up" stories, highlighting the narrative and community engagement aspects that drive interest and participation [33][34].