Core Viewpoint - Beisen Holdings (09669) announced the acquisition of CoolXuan (Beijing) Technology Co., Ltd. and the concurrent share transaction, highlighting the successful acquisition of the ICP license necessary for its online training platform in mainland China [1] Group 1: Acquisition Details - The target company obtained the ICP license from the Ministry of Industry and Information Technology on October 18, 2025, allowing it to provide internet information services [1] - The acquisition was completed in January 2025, with the financial performance of the target company integrated into Beisen's financial statements since then [1] - The second payment condition for the domestic equity transfer agreement was met in April 2025, and the full cash consideration has been paid [1] Group 2: Share Transaction Progress - The share sellers received approval for foreign direct investment in June and August 2025 to subscribe for shares in the BVI company [1] - Ongoing discussions are taking place regarding the new final deadline for the concurrent share transaction, as the transaction has not yet been completed as of the announcement date [1]

Core Points - The company announced the successful acquisition of ICP license for the target company, which allows it to provide online training courses in mainland China [1] - The acquisition and share transaction have progressed, with the target company's financial performance integrated into the company's financial statements since January 2025 [1] - The completion of the acquisition and the domestic equity transfer agreement has been confirmed, with all cash payments made [1] - The share swap sellers have obtained overseas direct investment approvals in June and August 2025, and are currently applying for approval for the subscription of shares [1] - The share transaction is still pending completion, and the company will provide further updates on the timeline [2] Summary by Sections - **Acquisition Details** - The target company successfully obtained the ICP license on October 18, 2025, enabling it to operate an information platform for online training [1] - The acquisition was completed in January 2025, with the target company's financials now included in the company's reports [1] - **Financial Transactions** - The second payment condition for the domestic equity transfer agreement was met in April 2025, and the full cash consideration has been paid [1] - **Regulatory Approvals** - Share swap sellers received overseas direct investment approvals in June and August 2025, and are in the process of applying for further approvals [1] - **Future Updates** - The company will announce the latest timeline for the share transaction completion as it remains pending [2]