On June 5th, Shanghai Qiandu, a wholly-owned subsidiary of Cenbest International Holdings Limited, entered into an investment agreement with both the seller and the target company. According to the agreement, Shanghai Qiandu will purchase approximately 83.33% of the target company's shares currently up for sale at a price of RMB 150 million. Furthermore, it plans to invest an additional RMB 150 million to subscribe for newly issued shares, bringing the total transaction value to RMB 300 million. Upon the transaction's completion, Shanghai Qiandu will own approximately 90.91% of the target company's shares, and the target company's financial results will be integrated into Cenbest Group's consolidated financial statements. It has been reported that the target company is a premier AI data service provider in China, with projected revenue of RMB 156 million and an after-tax net profit of RMB 11.1 million for the fiscal year 2025. The transaction is valued at approximately 16 times the price-to-earnings ratio, with a pre-investment valuation set at RMB 180 million. Cenbest has stated that this acquisition will enable the company to establish a dual-business model encompassing both 'footwear and AI data,' thereby boosting overall revenue and profitability. Meanwhile, the target company will maintain its independent and neutral operations to ensure the stability of its customer relationships.