Huada Automotive Technology Corp., Ltd. (603358.SH): Issuance of shares and payment of cash for purchase of assets approved by the Shanghai Stock Exchange.

Huada Automotive Technology Corp., Ltd. (603358.SH) announced that the company plans to acquire 44% equity of Jiangsu Hengyi Industrial Technology Co., Ltd. ("Jiangsu Hengyi") by issuing shares and paying cash, and raise matching funds. The Shanghai Stock Exchange M&A Review Committee held its second M&A review meeting of 2025 on January 14, 2025 to review the company's application for this transaction. According to the announcement of the Shanghai Stock Exchange M&A Review Committee on the results of the second review meeting of 2025, the review result of this meeting is: this transaction meets the restructuring conditions and disclosure requirements.