Overview - Beijing Chunz中 Technology Co., Ltd. plans to absorb and merge its wholly-owned subsidiary, Beijing Shijie Hengtong Technology Co., Ltd. [1][2] - The merger has been approved by the company's board of directors and does not constitute a major asset restructuring as per relevant regulations [1][2] - The merger will not have a substantial impact on the company's financial status or operating results, nor will it harm the interests of the company and its shareholders [1][5] Merger Details - The purpose of the merger is to integrate resources, improve asset operation efficiency, optimize organizational structure, and reduce management costs [5] - After the merger, Shijie Hengtong's independent legal status will be canceled, and all its assets, debts, and business will be inherited by the company [1][5] - The merger will not involve changes to the company's registered capital or require shareholder approval [2] Subsidiary Information - Beijing Shijie Hengtong Technology Co., Ltd. was established on July 19, 2013, with a registered capital of 5 million RMB [2] - The company is wholly owned by Beijing Chunz中 Technology Co., Ltd. [2] Financial Data - As of March 31, 2025, Shijie Hengtong's total assets were approximately 33.25 million RMB, and net assets were approximately 32.42 million RMB [4] - For the year 2024, Shijie Hengtong reported total revenue of approximately 19.64 million RMB and a net profit of approximately 8.13 million RMB [4]