Huahai Chengke: Disclosure of the implementation of the 11.2 billion yuan acquisition of 70% equity of Hengso Huawei.

Huahai Chengke announced that the company will use the issuance of shares, convertible bonds, and cash to purchase a 70% stake in Hengso Huawei for 1.12 billion yuan. As of November 23, the 70% stake in Hengso Huawei has been transferred, and Huahai Chengke now holds 100% equity. The newly added shares of 5.699018 million shares and 4.799997 million convertible bonds have been registered; the cash payment has been completed, and the newly added shares of 9.618852 million shares of funds raised have been registered. In addition, Hengso Huawei has not had a board of directors since October 24, and is now led by Executive Director Han Jianglong. In the future, the company will need to register or record changes to its registered capital, articles of association, etc.