Songfa Co., Ltd. announced that the company plans to restructure through major asset replacement, issuing shares to purchase assets, and raising supporting capital. The assets placed were all of the company's assets and operating liabilities as of the evaluation reference date, and the assets placed were 100% shares of Hengli Heavy Industries. The issue price for issuing shares to purchase assets is 10.16 yuan/share, and the number of shares issued has not yet been determined. The total amount of supporting capital raised shall not exceed 100% of the transaction price, and the number of shares issued shall not exceed 30% of the total share capital of the listed company. The transaction still needs to go through a number of approval procedures, including review and approval by the shareholders' meeting of listed companies, review and approval by the Shanghai Stock Exchange, and the registration decision of the China Securities Regulatory Commission.

Songfa Co., Ltd. announced that the company plans to restructure through major asset replacement, issuing shares to purchase assets, and raising supporting capital. The assets placed were all of the company's assets and operating liabilities as of the evaluation reference date, and the assets placed were 100% shares of Hengli Heavy Industries. The issue price for issuing shares to purchase assets is 10.16 yuan/share, and the number of shares issued has not yet been determined. The total amount of supporting capital raised shall not exceed 100% of the transaction price, and the number of shares issued shall not exceed 30% of the total share capital of the listed company. The transaction still needs to go through a number of approval procedures, including review and approval by the shareholders' meeting of listed companies, review and approval by the Shanghai Stock Exchange, and the registration decision of the China Securities Regulatory Commission.