Huahai Chengke: Approval obtained for the purchase of 70% equity of Hengso Huawei for 1.12 billion yuan.

Huahai Chengke announced that it plans to issue shares, convertible bonds, and pay cash totaling 1.12 billion yuan to purchase 70% equity of Hengso Huawei, and plans to raise funds of no more than 800 million yuan. The transaction has been approved by the China Securities Regulatory Commission. On October 29, the 70% equity of Hengso Huawei has been registered under the company's name, and the company now holds 100% of its shares. On November 12, the company completed the registration of new shares, with a total of 5.699018 million new shares issued, totaling 86.395471 million shares after registration. In the future, the company still needs to issue convertible bonds, raise supporting funds, and pay the remaining cash consideration, etc.