China Resources Mixc details acquisition valuation, membership deal terms

China Resources Mixc Lifestyle Services Limited released a supplemental announcement on October 24, 2025, detailing the basis of consideration for its proposed acquisitions and the 2025 Membership Operation and Marketing Business Framework Agreements. The acquisitions, an integrated transaction, valued the entire equity interests of CR Networks SZ and China Net Data Technology GZ at an aggregated 223.7m yuan, matching their initial listing prices on the Shanghai Equity Exchange.

The company considered the historical performance of CR Networks SZ and China Net Data Technology GZ, noting CR Networks SZ's temporary net losses of 32.7m yuan for the year ended December 31, 2024, but also its prior three years of profits (15.2m yuan in 2021, 9.4m yuan in 2022, and 11.8m yuan in 2023). CR Networks SZ also reported a net liability position as of December 31, 2024, due to significant early-stage investments in system R&D. China Net Data Technology GZ recorded net assets of 19.7m yuan as of December 31, 2024.

For the 2025 Membership Operation and Marketing Business Framework Agreements, pricing for services will be no less favorable than those agreed with independent third parties. The group will regularly collect market information, compile a database of prevailing prices, and compare fee quotations against a minimum of two independent third-party quotations for comparable services. Contract pricing control procedures are also in place for Membership Operation Related Services, applicable to all customers.