Core Viewpoint - Fangzhitech plans to acquire 100% equity of Zhixiang Technology for 116 million yuan to enhance its business capabilities and explore new business areas [1][3] Group 1: Acquisition Details - The acquisition is structured as a cash payment and is based on the equity valuation provided by an assessment agency [1] - The transaction involves related parties, as one of the sellers, Huang Yuanzhong, holds 26.52% of Zhixiang Technology and is a controlling shareholder of Fangzhitech [1] Group 2: Zhixiang Technology Overview - Zhixiang Technology is a national high-tech enterprise focusing on AI and smart space technology applications, with over 50 patents and copyrights [2] - The company has developed a product system based on AI large model core technology, targeting various intelligent space solutions such as smart learning and smart sports [2] Group 3: Strategic Implications - The acquisition aims to drive strategic transformation and cultivate new profit growth points for Fangzhitech amid the growing demand in the education technology and AI markets [3] - By acquiring Zhixiang Technology, Fangzhitech seeks to complement its existing market presence in South and North China, leveraging Zhixiang's established regional channels and customer base for broader national coverage [3]