After the release of the new regulations on mergers and acquisitions, Haiguang Information plans to absorb and merge the largest shareholder.

On the evening of May 25th, the Sci-Tech Innovation Board listed company HglTech and the SSE-listed company Zhongke Shuguang both announced that they are planning for HglTech to acquire Zhongke Shuguang through a stock swap by issuing A shares to all A-share shareholders of Zhongke Shuguang, and to raise matching funds by issuing A shares. The A shares of both companies will be suspended from trading starting on May 26th for a period not exceeding 10 trading days. This is also the first merger transaction between listed companies since the official revision and release of the "Management Measures for Major Asset Restructuring of Listed Companies" on May 16. It is worth noting that Zhongke Shuguang is the largest shareholder of HglTech, holding 27.96% of the shares.