Hirisun: The stock swap absorption merger with Hangzhou Steam Turbine will be suspended on November 5

Hirisun announced that, with the approval of the China Securities Regulatory Commission document [2025] 2141, the company will conduct a stock swap to absorb and merge with Hangzhou Turbine Power Group Co., Ltd. The equity registration date for the acquisition request rights is proposed to be November 4, 2025, and Hirisun's stock is expected to be suspended from trading starting November 5, 2025, until the end of the acquisition request rights declaration period and the fulfillment of related information disclosure obligations. Hirisun will absorb and merge with Hangzhou Turbine by issuing A-shares, and upon completion of the stock swap, Hangzhou Turbine will terminate its listing and cancel its legal entity status. Hirisun will inherit all of its assets, liabilities, business, personnel, contracts, and all other rights and obligations. Hirisun's stock closing price is 14.06 yuan/share, which represents a premium of 50.37% over the acquisition request rights exercise price, and investors exercising the acquisition request rights may face losses