Recently, numerous companies listed on the STAR Market have issued announcements regarding significant asset restructurings, garnering substantial market attention. According to Wind data, since the enactment of the 'Eight Policies for the STAR Market', a total of 105 companies on the STAR Market have disclosed plans for major asset restructurings. Industry experts emphasize that mergers and acquisitions (M&A) and restructurings are pivotal strategies for STAR Market companies to integrate resources, bolster their core businesses, nurture new growth avenues, and elevate their core competitiveness. On the policy front, initiatives such as the 'Eight Policies for the STAR Market' and the 'Six Policies for M&A' have markedly enhanced the flexibility and feasibility of M&A transactions, lessened the costs and complexities of corporate integration, and expedited the process of resource consolidation among technological innovation enterprises.