[Qianxun Technology to Acquire Web3 Fintech Company Punk Code for No More Than HK$25 Million] According to an announcement by the Hong Kong Stock Exchange, Hong Kong-listed company Qianxun Technology has signed a non-legally binding memorandum of understanding for a potential acquisition. The company plans to acquire 100% equity of Web3 fintech company Punk Code for no more than HK$25 million. The founding team of Punk Code primarily hails from Tencent. In 2020, they participated in the establishment of Tencent's Hong Kong virtual bank, Fusion Bank, exploring scenarios such as blockchain finance and digital assets. The founder, Mr. Cai Yige, graduated from the Computer Science Department of Nanjing University and joined Tencent in September 2004. He has previously served as the Director of QQ Membership Services, Reading, and Comics Business, as well as the General Manager of Tencent's Blockchain Business.