On June 3, Vanchip made an announcement detailing its intention to enter into both a 'Capital Increase Agreement' and an 'Equity Transfer Agreement' with Saibai Chuang (Shenzhen) Technology Co., Ltd., along with its shareholders. By subscribing to newly issued capital and through the transfer of equity shares, Vanchip is set to invest a substantial sum of 270.300889 million yuan, thereby acquiring a 33.40% ownership stake in Saibai Chuang.
