Qunxing Toys announced that the company plans to issue A-shares to specific targets. The number of shares to be issued is not less than 105 million shares and no more than 178 million shares, and the total amount of capital raised is not less than 419 million yuan and no more than 710 million yuan. Mr. Zhang Jincheng plans to subscribe for the shares issued by the company in cash through Tibet Boxin. Prior to this offering, the company had no controlling shareholders and no actual controllers. After this issuance, the controlling shareholder of the company will be changed to Tibet Boxin, and the actual controller will be changed to Mr. Zhang Jincheng.

Qunxing Toys announced that the company plans to issue A-shares to specific targets. The number of shares to be issued is not less than 105 million shares and no more than 178 million shares, and the total amount of capital raised is not less than 419 million yuan and no more than 710 million yuan. Mr. Zhang Jincheng plans to subscribe for the shares issued by the company in cash through Tibet Boxin. Prior to this offering, the company had no controlling shareholders and no actual controllers. After this issuance, the controlling shareholder of the company will be changed to Tibet Boxin, and the actual controller will be changed to Mr. Zhang Jincheng.