Core Viewpoint - The legal opinion letter confirms that Longyan Investment Development Group Co., Ltd. is exempt from making a public offer due to its acquisition of significant stakes in several companies, which is approved by the relevant government authority [1][7][12]. Group 1: Acquisition Details - Longyan Investment Development Group Co., Ltd. (referred to as "the acquirer") is acquiring 51.04% of Longyan Investment Development Group Co., Ltd., 39% of Longyan Cultural Tourism Huijin Development Group Co., Ltd., and 20% of Longyan Transportation Development Group Co., Ltd. [1][4][6] - The acquirer will indirectly control 49.55% of Longyan Gaoling Co., Ltd. through these acquisitions, as it holds 88,788,300 shares of the company [7][9][10]. Group 2: Legal Compliance - The acquirer is a legally valid state-owned enterprise, and there are no legal barriers to the acquisition [5][12]. - The acquisition process has followed all necessary legal procedures, including the approval from the Longyan State-owned Assets Supervision and Administration Commission [6][11]. Group 3: Information Disclosure - The acquirer has fulfilled its information disclosure obligations as required by the Securities Law and the Acquisition Management Measures [10][11][12]. - There have been no transactions involving the acquirer or its executives in the six months prior to the public disclosure of the acquisition [12].