Huasheng Co., Ltd. announced that the company plans to purchase 97.40% of the shares of Shenzhen Yixin Technology Co., Ltd. through the issuance of shares and cash payment, and raise supporting capital by issuing shares from the controlling shareholder Hunan Xingxiang Investment Holding Group Co., Ltd. The Shanghai Stock Exchange suspended the review of this transaction because the financial data of the company subject to this transaction application has expired and additional relevant information needs to be submitted. The suspension of the review will not have a significant adverse impact on the transaction. The company will promote work such as financial data updates and additional audits, and submit updated materials and apply for the resumption of the review after completion. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission. There is uncertainty about whether and when it will be approved.

Huasheng Co., Ltd. announced that the company plans to purchase 97.40% of the shares of Shenzhen Yixin Technology Co., Ltd. through the issuance of shares and cash payment, and raise supporting capital by issuing shares from the controlling shareholder Hunan Xingxiang Investment Holding Group Co., Ltd. The Shanghai Stock Exchange suspended the review of this transaction because the financial data of the company subject to this transaction application has expired and additional relevant information needs to be submitted. The suspension of the review will not have a significant adverse impact on the transaction. The company will promote work such as financial data updates and additional audits, and submit updated materials and apply for the resumption of the review after completion. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission. There is uncertainty about whether and when it will be approved.