Montnets Rongxin advances asset purchase and fundraising plan

Montnets Rongxin Technology Group (SZSE:002123) announced progress on its plan to acquire 100% of Hangzhou Bicheng Digital Technology Co., Ltd. via share issuance and cash payment, with concurrent fundraising. The deal constitutes a major asset restructuring and related party transaction, but does not constitute a reverse takeover. The company has appointed an independent financial advisor and is coordinating due diligence. Following audits and valuations, the board will review related proposals. Montnets Rongxin will release updates every 30 days until a shareholder meeting notice is issued.