Core Viewpoint - Fangzhitech (300235.SZ) experienced a significant decline of 12.68%, with a cumulative drop exceeding 20% over two days, closing at a monthly low of 14.46 yuan and a total market value of 3.64 billion yuan [1] Group 1: Acquisition Details - Fangzhitech announced on November 10 its intention to acquire 100% equity of Beijing Zhixiang Technology Development Co., Ltd. for a total price of 116 million yuan, reflecting a substantial premium of 705.33% based on the income approach assessment [1] - The main products of Zhixiang Technology include the Elephant Intelligent Interaction Robot and the Flying Elephant Smart Sports System, indicating a focus on technology-driven educational solutions [1] Group 2: Financial Performance and Challenges - The limited performance scale and weakening cash flow of Zhixiang Technology raise concerns regarding the viability of the acquisition [1] - Fangzhitech, as a traditional education enterprise, is facing unprecedented transformation pressures in recent years, highlighting the challenges within the industry [1]