Guanghetong: Planning to acquire Hangsheng Electronics' control rights, expected to constitute a major asset restructuring

Guanghe Communications announced that the company is planning to acquire control of Shenzhen Hangsheng Electronics Co., Ltd. through a cash transaction, with the transaction price and acquisition ratio still under verification and negotiation. This transaction is expected to constitute a significant asset restructuring. The target company’s main business is the research, design, production, and sales of automotive electronic products. After the completion of this transaction, Hangsheng Electronics will become a subsidiary of the company, and the listed company and the target company will undergo deep integration and collaboration, which will effectively enhance the listed company’s sustainability and ongoing development capabilities.