Core Viewpoint - The transaction involves Shenzhen Zhishang Technology Co., Ltd. acquiring 99.8555% of Shenzhen Hengyang Data Co., Ltd. through a combination of issuing shares and cash payment, aligning with relevant regulations and enhancing the company's operational capabilities [1][2][3]. Compliance with Regulations - The transaction adheres to national industrial policies and legal regulations regarding environmental protection, land management, anti-monopoly, and foreign investment [2]. - The assets involved are evaluated by a qualified institution, ensuring fair pricing and protection of shareholder rights [2]. - The ownership of the assets is clear, with no legal obstacles to transfer, and the transaction will not jeopardize the company's listing status [2][5]. Financial and Operational Benefits - The acquisition is expected to improve the asset quality and financial condition of the listed company, enhancing its operational sustainability and independence [3][4]. - The transaction will not introduce unfair related-party transactions or significant adverse competitive impacts [3][4]. - The acquired assets are operational and will be integrated into the company's existing business, creating synergies [5][6]. Strategic Integration - Post-acquisition, Hengyang Data will become a subsidiary, contributing to the overall strategic layout and implementation of the listed company [3][8]. - The integration will enable a transition from "data transmission" to "intelligent data transmission and processing," enhancing competitiveness in the data communication and computing sectors [6][7]. - Both companies will share R&D resources, optimize technology investments, and accelerate new technology development, leading to cost savings and improved efficiency [6][7]. Customer and Market Synergies - The customer bases of both companies overlap, allowing for enhanced procurement relationships and cost reductions through increased purchasing volumes [7][8]. - The collaboration will improve service efficiency and quality for existing customers while expanding into new market segments [8].

Core Viewpoint - The company, Zhishang Technology, is exploring a potential collaboration with Hengyang Data, which could enhance its capabilities from data transmission to intelligent data processing, thereby transforming into a "light + computing" solution provider [2]. Group 1: Company Collaboration - Investors inquired about the business collaboration between Zhishang Technology and Hengyang Data [2]. - Zhishang Technology confirmed that their optical communication products, such as fiber optic connectors, are applicable in data centers, 4G/5G communications, and fiber-to-the-home scenarios [2]. - Hengyang Data's high-performance AI computing products, including DPU products and AI integrated machines, are also relevant in data centers and AI computing clusters, indicating a high overlap in application scenarios [2]. Group 2: Strategic Implications - Successful integration of both companies could allow Zhishang Technology to transition from a component supplier to a comprehensive solution provider, addressing broader customer needs [2]. - The synergy between computing power and networking could lead to the development of integrated data center solutions, enhancing competitiveness in the data communication and computing sectors [2].