Group 1: Mergers and Acquisitions Activity - The A-share merger and acquisition market is experiencing increased activity, driven by supportive policies [1][4] - Zhuhai免集团 announced the transfer of 100% equity in Zhuhai Gree Real Estate Co., Ltd. to Zhuhai投捷控股 for a transaction price of 5.518 billion yuan, constituting a major asset restructuring [3][4] - 嘉戎技术 is planning to acquire a controlling stake in Hangzhou 蓝然技术股份有限公司, which is expected to constitute a major asset restructuring [1][9] Group 2: Financial Impact of Transactions - Following the transaction, Zhuhai免集团's net profit attributable to shareholders is projected to improve significantly, with a change of 93.90% from -1.514 billion yuan to -92.4 million yuan for 2024 [4] - The company's revenue is expected to decline by 44.62% from 5.276 billion yuan to 2.922 billion yuan for 2024 [4] - 嘉戎技术's stock was suspended from trading due to the planned acquisition, with a prior stock price of 33.03 yuan and a year-to-date increase of over 84% [9][13] Group 3: Strategic Focus and Future Plans - Zhuhai免集团 aims to accelerate its exit from real estate and focus on the core duty-free business, targeting a high-quality development phase [3][6] - The company plans to enhance compliance governance and improve its profit distribution system to protect the interests of small investors [5][6] - 嘉戎技术's main business involves membrane separation equipment and environmental protection services, indicating a strategic alignment with its acquisition target [13]