XinDao Technology announced that the company plans to issue convertible bonds and pay cash to purchase 100% of Shanghai Jishun Technology's shares and 17.15% of Shanghai Shunlei Technology's shares held by Shengfeng and others, thus achieving 100% control over Shunlei Technology. The company received approval from the Securities Regulatory Commission on August 7, agreeing to apply for registration to issue convertible bonds to Sheng Feng and others to purchase relevant assets. The approval is valid for 12 months from the date it is issued. The board of directors of the company will handle relevant matters and promptly disclose information within the specified period.

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