Core Viewpoint - The company, Giant Star Legend, announced a conditional acquisition of approximately 1.17% equity in the National Stadium Limited, which operates the iconic Bird's Nest, a key asset in sports and cultural events in China [2][5]. Group 1: Acquisition Details - The acquisition involves a conditional agreement with Beijing Jinzhu Sunshine Consulting Co., and Deloitte Huayong Accounting Firm, with the target company having a registered capital of approximately 24.3 million yuan [2]. - The National Stadium Limited is primarily owned by Beijing State-owned Assets Management Co., holding about 53.23% of the shares [5]. Group 2: Strategic Importance - The Bird's Nest is considered a scarce landmark asset, and the acquisition is expected to enhance collaboration in large-scale cultural and sports events, leveraging both companies' strengths [5]. - The company aims to improve its capabilities in IP value transformation and industry synergy, creating positive long-term benefits [5]. Group 3: Technological Collaboration - Giant Star Legend has also formed a strategic partnership with Yushu Technology to develop consumer-grade robots with strong IP attributes, expanding IP collaboration opportunities [5]. Group 4: Financial Performance - The company's revenue projections from 2019 to 2024 are as follows: 86.6 million, 457 million, 365 million, 344 million, 430 million, and 584 million yuan, with net profits of 22.7 million, 75.6 million, 42.9 million, 64.9 million, 41.4 million, and 50.2 million yuan respectively [7]. - Following the announcement, the stock price experienced volatility, closing at 11.42 HKD per share, down 4.83% [7].

Group 1 - The company, Giant Star Legend (06683.HK), announced a conditional equity acquisition agreement to purchase approximately 1.17% of the equity of the National Stadium Limited, corresponding to a registered capital of about RMB 24.3 million [1] - The target company, established on December 17, 2003, is primarily engaged in the investment, construction, and operation management of the National Stadium project, which is a significant cultural and sports landmark in China [1] - The target company is owned approximately 53.23% by Beijing State-owned Assets Management Co., Ltd., and is the main entity responsible for the construction and operation of the "Bird's Nest," a key national project with substantial influence in major sports events and tourism [1] Group 2 - The group possesses industry-leading advantages in the creation, operation, and commercialization of star IPs, having developed a comprehensive IP matrix and content incubation capabilities [2] - The board believes that the acquisition aligns with the company's strategic development direction, allowing for enhanced collaboration in large-scale cultural and sports events and IP resource integration [2] - The acquisition of the Bird's Nest, a rare landmark asset, is expected to improve the group's capabilities in IP value transformation and industrial synergy, creating positive long-term benefits for the group [2]

Group 1 - The company, Giant Star Legend, announced a conditional acquisition of approximately 1.17% equity in the National Stadium Limited, corresponding to a registered capital of approximately RMB 24.3 million [1] - The target company, National Stadium Limited, is the main entity responsible for the construction and operation of the National Stadium (Bird's Nest), a significant landmark project in China [1] - The acquisition aligns with the company's strategic development direction, enhancing its capabilities in IP value transformation and industry collaboration [2] Group 2 - The target company is primarily engaged in investment, construction, and management of cultural and sports events, holding a 53.23% equity stake by Beijing State-owned Assets Management Co., Ltd. [1] - The Bird's Nest is recognized as a key asset with substantial influence in large-scale sports events, cultural performances, and tourism [1][2] - The acquisition is expected to facilitate more collaboration between the company and the target company in large-scale cultural and sports events, leveraging both parties' strengths [2]