Hailian Xun (300277.SZ) Exchange Stock Absorption Merging Hangqi Luni Matters Approved by China Securities Regulatory Commission.

Wisdom Finance APP News, Hailian News (300277.SZ) announced that the company plans to absorb and merge Hangzhou Steam Turbine Group Co., Ltd. ("Hangqi") by issuing A shares to all shareholders of Hangqi. On September 26, 2025, the company received the approval from the China Securities Regulatory Commission for the absorption and merger of Hangzhou Steam Turbine Group Co., Ltd. by Hangzhou Hailian Technology Co., Ltd.