Hengwei Technology: Termination of issuing shares, payment of cash for acquisition of assets and raising matching funds.

date
26/03/2026
Constant Technology Announcement: The company held a board meeting on March 26, 2026, and agreed to terminate the original plan to purchase 75% of the shares of Shanghai Shuheng Information Technology Co., Ltd. by issuing shares and paying cash, and raising matching funds. Instead, they will negotiate to purchase equity and increase capital in cash to acquire controlling rights of the target company. The original transaction is expected to not constitute a major asset restructuring. The company's stock was suspended on September 17, 2025, and resumed trading on September 30. The current cash acquisition is still in the negotiation stage, and further negotiations and internal decision-making procedures need to be fulfilled. The founder of the target company has pledged that the cumulative net profit for the years 2026 to 2028 will not be less than 282 million yuan.