Announcement • Jun 05
Beijing Zhide Longteng Fund Management Co., Ltd. cancelled the acquisition of 5% stake in GuoChuang Software Co.,Ltd. (SZSE:300520) from Hefei Guochuang Intelligent Technology Co., Ltd. Beijing Zhide Longteng Fund Management Co., Ltd. signed an agreement to acquire 5% stake in GuoChuang Software Co.,Ltd. (SZSE:300520) from Hefei Guochuang Intelligent Technology Co., Ltd. for approximately CNY 550 million on February 9, 2026. As part of acquisition, 14,610,000 shares will be acquired for CNY 37.43 per share. As part of consideration, CNY 5 million will be paid Within 10 business days from the date of signing and announcement of Agreement, CNY 273,426,150 will be paid Within 20 business days from the date the transaction is approved for compliance by the Shenzhen Stock Exchange and confirmation is obtained and remaining CNY 268,426,150 will be paid Within 20 business days from the date the transfer registration procedures are completed at the securities registration and settlement institution and confirmation of securities transfer registration is obtained. After completion of transaction, Beijing Zhide Longteng Fund Management will hold 5% stake and Hefei Guochuang Intelligent Technology will hold 14.14% stake.
The transaction is subject to the Shenzhen Stock Exchange.
Beijing Zhide Longteng Fund Management Co., Ltd. cancelled the acquisition of 5% stake in GuoChuang Software Co.,Ltd. (SZSE:300520) from Hefei Guochuang Intelligent Technology Co., Ltd. on June 3, 2026. New Risk • May 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥336m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥336m free cash flow). Earnings have declined by 45% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥336m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥336m free cash flow). Earnings have declined by 45% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). 
