Guanghetong: Major asset restructuring in progress, need to update financial data with additional audit.

Guanghetong announced that the company plans to purchase 37.16% of the shares of Hangsheng Electronics with cash, totaling 119.015321 million shares, and to acquire 51.40% of the voting rights through a concerted action agreement, achieving controlling interest, and constituting a major asset restructuring. The company had previously convened a board meeting to review and approve the relevant proposal and sign the agreement, and the intermediary institution has also provided opinions. Due to the validity period requirement of financial data, the relevant financial data needs to be audited and updated. Currently, the company and all parties are actively advancing the reorganization work and will disclose the progress in a timely manner.