Xiangcai Stock: The merger-related audit, due diligence, and other work related to Dazhihui have been basically completed.

Xiangcai Stock announced a new progress in the stock-for-stock absorption and merger of Dazhihuizai. On the evening of September 22, Xiangcai Stock and Dazhihuizai announced that the audit and due diligence work related to this transaction has been basically completed. After the company and intermediary institutions further improve the relevant work of this transaction, they will convene the board of directors again to review the relevant proposals of this transaction, and fulfill the relevant procedures and information disclosure obligations in accordance with relevant laws and regulations.