<p>HYDSOFT announced that the company's controlling shareholder, ShenHui Holdings, has completed the transfer procedures for acquiring 22.0875% of the shares of Baode Computing through ShenHui Jinwu. ShenHui Holdings will gain control of Baode Computing, and the actual controller of the company, Yu Hao, will become the actual controller of Baode Computing. In addition, ShenHui Holdings received the &#34;Decision on Not Implementing Further Review of Operator Concentration Antitrust Review&#34; issued by the State Administration for Market Regulation on October 20</p>

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<p>HYDSOFT announced that its controlling shareholder ShenHui Holdings, through ShenHui Jinwu, has completed the transfer procedures for acquiring 22.0875% of the shares of Baode Computing. ShenHui Holdings has obtained control of Baode Computing, and the actual controller of the company, Richard Yu, will become the actual controller of Baode Computing. In addition, ShenHui Holdings received the "Decision on Not Implementing Further Review of Operator Concentration Antitrust Review" issued by the State Administration for Market Regulation on October 20</p>

HYDSOFT: The antitrust review of the acquisition of Baode Computing's equity has been approved