Huahong Company announced that it plans to purchase 97.4988% of Hualiwei's shares and raise supporting capital from four Huahong Group shareholders including Huahong Group through the issuance of shares. On December 31, 2025, the board of directors of the company resolved to agree to the relevant bill. According to regulations, the above bill must be submitted to the shareholders' meeting for consideration. The board of directors of the company decided to hold a shareholders' meeting at an optional date to consider matters related to this transaction, which will be notified separately at that time.

Huahong Company announced that it plans to purchase 97.4988% of Hualiwei's shares and raise supporting capital from four Huahong Group shareholders including Huahong Group through the issuance of shares. On December 31, 2025, the board of directors of the company resolved to agree to the relevant bill. According to regulations, the above bill must be submitted to the shareholders' meeting for consideration. The board of directors of the company decided to hold a shareholders' meeting at an optional date to consider matters related to this transaction, which will be notified separately at that time.