According to CoinMeta, Xiangshan Shares announced that the company intends to purchase 100% of the equity of Zhejiang Wuluo Smart City Technology Co., Ltd. by issuing shares and paying cash, and will also issue shares to no more than 35 specific investors to raise matching funds. This transaction is not expected to constitute a major asset reorganization or a related-party transaction, nor will it lead to a change in the company's controlling shareholders or actual controllers, nor will it result in a reorganization for listing. As of the date of this announcement, the auditing and evaluation work related to this transaction has not yet been completed, and the final transaction price of the target assets has not been determined. All relevant tasks are being carried out in an orderly manner. This transaction still requires the fulfillment of several approval procedures, and there are uncertainties involved.