HUITONGDA NET plans to participate in the restructuring with 994 million yuan to acquire a 25% stake in Jintongling Technology

According to the announcement from HUITONGDA NET (09878), on September 5, 2025 (after trading hours), after publicly recruiting and finalizing the company as the restructuring investor, the company entered into a restructuring investment agreement with the target company Jintongling Technology Group Co., Ltd. and the temporary administrator regarding the acquisition. According to the restructuring investment agreement, the company intends to acquire 25% equity of the target company for a consideration of RMB 994 million. The announcement states that the reasons and benefits for the acquisition are: 1. Acquire high-quality scarce assets at a lower cost to enhance shareholder returns Participating in the bankruptcy restructuring of listed companies has become an important channel for enterprises to enter the A-share capital market due to advantages such as fair acquisition costs (usually 50% of market price), strong certainty, and thorough risk isolation. Statistics show that only a small number of listed company restructuring cases are approved by regulatory authorities each year, making opportunities difficult to obtain. The target company belongs to the high-end manufacturing industry, with its core business in the domestic first tier, possessing strong industry status and competitiveness. Due to historical reasons, it is temporarily facing operational difficulties, and it is expected that through this bankruptcy restructuring, the enterprise will overcome its predicament and regain operational capabilities. It is anticipated that after the restructuring is completed, it will quickly turn losses into profits and enter a rapid development path with dual injections of funds and assets. 2. Utilize high-quality capital resources from both regions to promote company development After the completion of the acquisition, the company will establish an H+A capital operation platform, which will facilitate the acquisition of high-quality capital resources both domestically and internationally, promoting rapid enterprise development. At the same time, it will create a multi-level potential capital operation path for the company. 3. Support the group's industrial layout and promote business development The group will empower the retained business segments of the target company based on mature operational management experience, supply chain and channel advantages, and rich industrial resources. At the same time, leveraging the retained funds after the target company's restructuring, the group will focus on large consumption and intelligent manufacturing for industrial layout, aiming to transform the target company into a comprehensive industrial platform company that possesses advanced manufacturing new productivity and can serve the sinking market. The acquisition is conducive to extending the group's industrial layout from industrial internet to high-end manufacturing, which is a national key encouragement area, creating a "large consumption + intelligent manufacturing" dual industrial layout, thereby generating new growth space for the group and enhancing the group's profitability