Guanghetong announced that the company plans to purchase 37.16% of Hangsheng Electronics' shares through a concerted action agreement and obtain a total of 51.40% of Hangsheng Electronics' voting rights through a concerted action agreement to achieve control over it. The transaction constitutes a major asset restructuring. After completion, Hangsheng Electronics will become the company's holding subsidiary. As of the disclosure date of the announcement, the company has completed the extended audit update and received a decision issued by the State Administration of Market Supervision and Administration that the centralized anti-monopoly review will not be carried out. The transaction still requires approval from the company's shareholders' meeting and other required approvals or filings before it can be implemented. There is uncertainty about whether the relevant approvals can be completed and when.

Guanghetong announced that the company plans to purchase 37.16% of Hangsheng Electronics' shares through a concerted action agreement and obtain a total of 51.40% of Hangsheng Electronics' voting rights through a concerted action agreement to achieve control over it. The transaction constitutes a major asset restructuring. After completion, Hangsheng Electronics will become the company's holding subsidiary. As of the disclosure date of the announcement, the company has completed the extended audit update and received a decision issued by the State Administration of Market Supervision and Administration that the centralized anti-monopoly review will not be carried out. The transaction still requires approval from the company's shareholders' meeting and other required approvals or filings before it can be implemented. There is uncertainty about whether the relevant approvals can be completed and when.