Hongqiao, China (01378): Hongtuo Industrial becomes a wholly-owned subsidiary of Hongchuang Holdings

According to the Zhitong Finance App, China Hongqiao (01378) announced that Guan Hongchuang Holdings plans to issue new shares to existing shareholders of Hongtuo Industrial (including Weiqiao Aluminum & Electric) to purchase target shares held by them and transaction documents related to this transaction. Hongchuang Holdings received the “Approval to Register the Issuance of Shares by Shandong Hongchuang Aluminum Holdings Co., Ltd.” (Securities Regulatory License (2025) No. 2970) from the China Securities Regulatory Commission on December 31, 2025. The main content of the approval document is to agree to Hongchuang Holdings' registration application to issue shares with nine counterparties including Weiqiao Aluminum and Electric to purchase relevant assets.

After receiving the above approval, on the same day, all of Hongtuo Industrial's shares were transferred and registered under the name of Hongchuang Holdings. The transfer of assets subject to this transaction was completed, and Hongtuo Industrial became a wholly-owned subsidiary of Hongchuang Holdings.

Hongchuang Holdings will handle other matters relating to this transaction within the specified period in accordance with the above approval documents and the requirements of relevant laws and regulations and the authorization of Hongchuang Holdings Shareholders' Meeting, including but not limited to registration and listing procedures relating to the new shares of Hongchuang Holdings.