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Proya is planning to completely swallow Huazhi Xiao, with 51% control—future financial reports will look much better.
After the transaction is completed, the shareholding ratio will increase from 38.4521% to 51%, and Huazhi Knowledge will be included in the company's consolidated financial statements.
This transaction has been approved by the 13th meeting of the fourth board of directors, and does not require shareholder approval.
It still needs to go through the filing for concentration of business operators.