ANPC - AnPac Bio acquires GISN

• AnPac Bio-Medical Science ( NASDAQ: ANPC ) has announced the closing of the acquisition of GISN, a technical solution and outsourcing consulting services provider focused on the digital, internet and Web 3 business transformation for start-ups and traditional enterprises.
• This acquisition is a critical initiative for the Company to improve the efficiency of its e-commerce operations.
• The acquisition is pursuant to a stock purchase agreement, whereby it agreed to purchase 100% of the issued and outstanding equity interest of GISN in consideration of $1.7M, payable in the form of newly issued Class A ordinary shares of the Co.
• With a solid track record, GISN has developed a smart restaurant internet platform that integrates service modules of cross-currency payment, ERP and marketing on a SaaS basis.
• "Leveraging on the competitive strengths of GISN, we believe that we are well-positioned to enter and expand our e-commerce business efficiently. We believe this transaction will create long-term values for our shareholders." said Mr. Haohan Xu, the Co-CEO.

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