Core Viewpoint - Kingdee International (00268) has entered into a conditional equity transfer agreement to sell 62.764% of Cloud Home to Hongjin Investment for RMB 68.25 million, increasing its stake in Cloud Home from 7.5373% to 70.3013%, making it a subsidiary of Kingdee [1] Group 1: Acquisition Details - The acquisition is set to be completed by September 15, 2025, and aligns with Kingdee's strategy of prioritizing subscriptions and AI [1] - The transaction is expected to accelerate Kingdee's AI transformation and promote long-term growth while creating value for shareholders [1] Group 2: Strategic Integration - Cloud Home, a leading enterprise social and collaborative cloud-native platform, was incubated from Kingdee's ecosystem over a decade ago and shares a vision for successful digital transformation [1] - The integration of Cloud Home into Kingdee's business portfolio is anticipated to release significant potential synergy value through seamless integration at both cultural and operational levels [1] Group 3: Ecosystem Development - Through strategic integration, Cloud Home will become a core collaborative platform within Kingdee's "subscription-first, AI-first" ecosystem, providing a unified AI and collaboration entry point for all SaaS products [1] - Customers will be able to perform comprehensive operations such as financial accounting, supply chain management, knowledge Q&A, and task collaboration on a single platform, significantly enhancing overall efficiency in digital transformation [1]