Recently, Chizicheng Technology completed a share acquisition transaction for its subsidiary NBT Social Networking. NBT Social Networking is the overseas counterpart of Mico World after the restructuring. With the completion of the acquisition, Mico World has become a wholly-owned subsidiary of Chizicheng Technology. Chizicheng Technology focuses on the global social entertainment circuit. Driven by AI technology, it has created diverse social products such as live social networking, voice networking, and game social networking. The core products include MICO, YoHo, SUGO, TopTop, HeeSay, etc., which are popular in the Middle East, North Africa, Southeast Asia, etc. Akazicheng Technology also laid out a boutique game circuit to create high-quality games such as Alice's Dream: Merge Games. Chizicheng Technology's many leading social networking products were created by the Mico World team. With the completion of the transaction, all future financial results of Mico World will be incorporated into the consolidated financial statements of Chizicheng Technology, and the profits attributable to shareholders of listed companies will further increase. At the same time, the acquisition is expected to further consolidate Chizicheng Technology's position in the global social entertainment market and enhance its overall competitiveness and market influence through resource integration and business collaboration. Furthermore, Chizicheng Technology recently announced the adoption of the NBT restricted share unit plan in addition to the existing restricted share unit plan, with the aim of rewarding, attracting and motivating specific personnel and strengthening talent development. At the same time, the company is actively promoting repurchases. It intends to purchase the company's shares from the market at the current market price within the next two years according to the company's share plan, with a total capital of no more than HK$200 million, which highlights management's confidence in the company's business and also gives back long-term support to shareholders.

Zhitongcaijing · 12/27/2024 08:09
Recently, Chizicheng Technology completed a share acquisition transaction for its subsidiary NBT Social Networking. NBT Social Networking is the overseas counterpart of Mico World after the restructuring. With the completion of the acquisition, Mico World has become a wholly-owned subsidiary of Chizicheng Technology. Chizicheng Technology focuses on the global social entertainment circuit. Driven by AI technology, it has created diverse social products such as live social networking, voice networking, and game social networking. The core products include MICO, YoHo, SUGO, TopTop, HeeSay, etc., which are popular in the Middle East, North Africa, Southeast Asia, etc. Akazicheng Technology also laid out a boutique game circuit to create high-quality games such as Alice's Dream: Merge Games. Chizicheng Technology's many leading social networking products were created by the Mico World team. With the completion of the transaction, all future financial results of Mico World will be incorporated into the consolidated financial statements of Chizicheng Technology, and the profits attributable to shareholders of listed companies will further increase. At the same time, the acquisition is expected to further consolidate Chizicheng Technology's position in the global social entertainment market and enhance its overall competitiveness and market influence through resource integration and business collaboration. Furthermore, Chizicheng Technology recently announced the adoption of the NBT restricted share unit plan in addition to the existing restricted share unit plan, with the aim of rewarding, attracting and motivating specific personnel and strengthening talent development. At the same time, the company is actively promoting repurchases. It intends to purchase the company's shares from the market at the current market price within the next two years according to the company's share plan, with a total capital of no more than HK$200 million, which highlights management's confidence in the company's business and also gives back long-term support to shareholders.