Guanghetong: Planning to acquire the controlling rights of Hangsheng Electronics, expected to constitute a major asset restructuring.

Guanghetong announced that the company is planning to acquire controlling rights of Shenzhen Hangsheng Electronics Co., Ltd. in cash. The transaction price and acquisition ratio are still under discussion. This transaction is expected to constitute a significant asset restructuring. The target company's main business is the research, development, production, and sale of automotive electronic products. After the completion of this transaction, Hangsheng Electronics will become a subsidiary company of the company. The listed company and the target company will deepen integration and synergy, effectively improving the company's sustainable operation capacity and continuous development capability.