Haiqi Group announced that the company plans to acquire tax-free control of Sea Travel after divesting the Huating project through cash and/or asset payments. The transaction does not involve issuing shares or supporting capital raising, and the specific scope of assets is yet to be determined through negotiations. The target company lost 145.54 million yuan after excluding the Huating project in 2025. Affected by factors such as intense competition in the duty-free market and slowing consumer demand, there is great uncertainty about the future performance improvement of the target company. There are major obstacles to the progress of this restructuring, and there is significant uncertainty about whether it can finally be implemented.

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