Apco Angel has officially declared its intention to acquire a combined 70% stake in Dongshu No.1, employing a strategy that involves both direct and indirect share issuance, along with raising corresponding funds (commonly referred to as matched funds in financial contexts). On July 20, 2026, the company received formal notification from the Shanghai Stock Exchange, confirming that the submitted application documents were complete and met all statutory requirements. Consequently, the exchange has agreed to accept and commence a legal review of these documents. It is important to note that the successful execution of this transaction is contingent upon obtaining approval from the Shanghai Stock Exchange and securing registration consent from the China Securities Regulatory Commission. As such, the ultimate outcome of this endeavor remains subject to regulatory scrutiny and cannot be predicted with certainty at this juncture.