Montnets to acquire Bicheng Digital via share & cash deal

** Montnets Rongxin Technology Group (SZSE:002123) announced its plan to acquire Hangzhou Bicheng Digital Technology through a share issuance and cash payment, marking a strategic move to expand its presence in the e-commerce sector. The deal, valued at CNY1.28 billion, will see Montnets acquire 100% ownership of Bicheng, a company specializing in e-commerce integrated services, after deducting approximately CNY30 million of dividends. The acquisition is structured with a combination of cash and share components, with shareholders such as Liu Hongbin, Feng Xing and Liu Hongbin slated to become shareholders of Montnets, subject to lock-up periods of 6 to 12 months.