Group 1 - The target company is the construction and operation entity of the National Stadium (Bird's Nest), with approximately 53.23% of its shares held by Beijing State-owned Assets Management Co., Ltd. [1] - The board of directors of Giant Star Legend believes that the Bird's Nest, as a rare landmark asset, will enable more collaboration in large-scale cultural and sports events and IP resource integration through the acquisition [1] - The acquisition is expected to enhance the group's capabilities in IP value transformation and industrial synergy, creating positive benefits for the group's long-term development [1] Group 2 - On September 16, Giant Star Legend announced through the Hong Kong Stock Exchange that its wholly-owned subsidiary, Xing Chuang Yi (Kunshan) Cultural Entertainment Co., Ltd., has entered into a share acquisition agreement [3] - According to the agreement, Xing Chuang Yi will conditionally acquire approximately 1.17% of the shares of the National Stadium Limited Liability Company, corresponding to a registered capital of approximately 24 million yuan that has been fully paid [3]

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]