Exclusive | Kaiying Network responded to participate in Century Huatong equity auction: collaborating partners to participate in partnership management through Jiaxing Xukai Enterprise

[exclusive | Kaiying Network responds to participating in Century Huatong equity auction: partners participate in the partnership through Jiaxing Xukai Enterprise Management Partnership] Science and Technology Innovation Board Daily on the 14th, regarding the market rumors that Kaiying Network participated in Century Huatong equity auction, Kaiying Network responded to Science and Technology Innovation Board Daily reporter: based on the good practice basis of strategic cooperation among all parties in recent years, it is to deepen the common vision of all parties to promote category development. The company works with industry partners to manage the partnership (limited partnership) through Jiaxing Xukai Enterprise and participate in the judicial auction of some shares of Century Huatong. If it succeeds in the end, it will promote the upgrading of all parties from business cooperation to equity cooperation, which will help to further concentrate the development resources of all parties and achieve benign and win-win development of all parties. (reporter Huang Xinyi)