Huaxin Co., Ltd.: Guosheng Group plans to acquire a 22% stake in the company through a negotiated agreement.

Huaxin Co., Ltd. announced that the information disclosure obligor, Shanghai Guosheng Co., Ltd., intends to acquire 233,440,125 shares of the company held by Shanghai Yidian Co., Ltd. through an agreement-based transfer, representing 22.00% of the company's total share capital. This equity change is still subject to internal decision-making by both parties, approval by the state-owned assets regulatory authority, execution of a formal transaction agreement, merger control review, CSRC approval of shareholder qualification, SSE compliance confirmation, and share transfer procedures. Whether the relevant approvals will be obtained and the timing thereof remain uncertain.