Xiangcai Co., Ltd. has made new progress in the stock swap absorption merger with DZH. On the evening of September 22, Xiangcai Co., Ltd. and DZH announced that the audit, due diligence, and other work related to this transaction have been basically completed. After the company and intermediary institutions further improve the relevant work of this transaction, the board of directors will convene again to review the relevant proposals of this transaction and fulfill the subsequent procedures and information disclosure obligations in accordance with relevant laws and regulations