QuantaSing Group Ltd. has announced further investments to acquire the remaining equity interests in Shenzhen Yiqi Culture Co., Ltd. ("Letsvan"). This acquisition will be completed through a combination of cash and stock, with QuantaSing issuing 18,219,330 Class A ordinary shares to Mr. Huiyu Zhan, founder and CEO of Letsvan. The share issuance will occur in three installments and adhere to specific restrictions and vesting schedules. Mr. Zhan is set to join QuantaSing's board of directors on August 1, 2025. Letsvan, focused on IP incubation and pop toys, will become a wholly-owned subsidiary of QuantaSing, enhancing synergies and competitive advantages in the consumer sector.
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