Gelonghui May 21 丨 Huakai Yibai (300592freeslotsandvideopoker.SZ) announcedfreeslotsandvideopoker, plans to purchase 100% equity of Tongtuo Technology held by BrightStor Shares in cash. The price of 100% equity of Tongtuo Technology in this transaction is RMB 700 million. The listed company and the target company are both participants in the cross-border e-commerce industry. This horizontal M & A transaction is not only in line with the country's policy guidance on the cross-border e-commerce industry, but also takes into account the business scale and operating advantages of the target company. After the transaction is completed, the listed company will make full use of the policy dividend period and golden development period to further expand the scale of its business, especially in emerging markets and key areas encouraged by the policy, deeply explore market potential, increase market share, enrich commodity categories and broaden the business areas, significantly enhance comprehensive competitiveness and industry status.