---
title: "BEISEN HOLDING: CoolXuan (Beijing) Technology has successfully obtained the Value-Added Telecommunications Business Operating License"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/263770203.md"
description: "BEISEN HOLDING announced that KuXuan (Beijing) Technology successfully obtained the Value-Added Telecommunications Business Operating License on October 18, 2025, allowing it to provide online training courses in mainland China. The acquisition and share transaction are progressing smoothly, and the target company has been included in the company's financial statements since January 2025. Although the share transaction has not yet been completed, all parties are still discussing a new deadline, and further announcements will be made subsequently"
datetime: "2025-10-31T14:15:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263770203.md)
  - [en](https://longbridge.com/en/news/263770203.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263770203.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/263770203.md) | [English](https://longbridge.com/en/news/263770203.md)


# BEISEN HOLDING: CoolXuan (Beijing) Technology has successfully obtained the Value-Added Telecommunications Business Operating License

According to the announcement from BEISEN HOLDING (09669), regarding the acquisition of KuXuan (Beijing) Technology Co., Ltd. (the target company) and the simultaneous share transaction, on October 18, 2025, the target company successfully obtained the Value-added Telecommunications Business Operating License issued by the Ministry of Industry and Information Technology of China, also known as the "ICP License," with the business category of "Information Services (limited to Internet Information Services)." After obtaining the ICP License, the target company has now acquired all regulatory authorizations required to carry out its main business, which is to establish an information platform in mainland China to provide online training courses.

The company also hereby reports to shareholders and potential investors on the progress of the acquisition and the simultaneous share transaction. As disclosed in previous announcements, the target company was acquired by the group in January 2025, and its financial performance has since been consolidated into the company's statements. In April 2025, the prerequisite conditions for the second payment of the domestic equity transfer agreement were met, and the group has fully paid the cash consideration. Accordingly, the acquisition and the domestic equity transfer agreement have been completed.

Meanwhile, the share exchange sellers obtained approval for foreign direct investment in June and August 2025 to subscribe for shares of the BVI company. According to the latest communication between the company and the share exchange sellers, the share exchange sellers are currently applying for foreign direct investment approval for the subscription consideration shares. Therefore, all parties are still discussing the new final deadline for the simultaneous share transaction.

As of the date of this announcement, the simultaneous share transaction has not yet been completed. The company will issue further announcements on the latest timetable for the simultaneous share transaction in due course

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