Concentrate resources Guangzhou Haige Communications Group Incorporated (002465.SZ) subsidiary plans to acquire the remaining 30% equity of Haige Hengtong.

Guangzhou Haige Communications Group Incorporated (002465.SZ) announced that the board of directors has agreed for the company and its wholly-owned subsidiary, Guangzhou Haige Tianteng Investment Co., Ltd. (referred to as "Tianteng Investment"), to jointly acquire the remaining 30% equity of the company's controlling subsidiary, Sichuan Haige Hengtong Special Network Technology Co., Ltd. (referred to as "Haige Hengtong"). The total transaction amount is 48 million RMB. After this transaction is completed, the company will directly hold 75% equity of Haige Hengtong, and the wholly-owned subsidiary Tianteng Investment will hold 25% equity of Haige Hengtong, thereby achieving full control of Haige Hengtong. The announcement shows that Haige Hengtong focuses on the research and sales of special network communication equipment, with strong technical and market advantages in key national fields such as public security and rail transportation. After completing this transaction, the company will achieve direct and indirect 100% control of Haige Hengtong through Tianteng Investment, which will be beneficial for the company to deepen its integration with Haige Hengtong in governance structure, development strategy, and business decision-making. It will further concentrate the company's resources, increase investment in key fields, ensure that Haige Hengtong can respond quickly to market changes, occupy a more favorable competitive position in the special network communication industry, and achieve expansion of business scale and market share increase.