Subsidiaries of Guangzhou Haige Communications Group Incorporated (002465.SZ) plan to participate in the auction for a 49% stake in Wuhan Jiari.

Guangzhou Haige Communications Group Incorporated (002465.SZ) announced that the board of directors has agreed for its wholly-owned subsidiary, Beijing Haige Shenzhou Communication Technology Co., Ltd. (referred to as "Haige Shenzhou"), to participate in the bidding for the 49% stake held by the natural person shareholder Liu Heng in Haige Shenzhou's holding subsidiary Wuhan Jiari Technology Co., Ltd. (referred to as "Wuhan Jiari") through a public listing. The final transaction amount will be determined by the bidding results, and there is certain uncertainty as to whether the transaction will be successful. If Haige Shenzhou is confirmed as the final acquirer, Wuhan Jiari will become a wholly-owned subsidiary of Haige Shenzhou after the completion of the transaction. It is reported that Wuhan Jiari is dedicated to research and development of technology in the field of wireless communication, including full-band multi-path synthesis communication equipment, electromagnetic interference signal processing, and main products include combiners, communication function modules, input devices, analog training equipment, and electromagnetic interference suppression equipment.