Hygon Information Technology: Plans to conduct a stock swap to absorb Sugon, significant asset restructuring has made progress

Hygon Information announced that the company plans to conduct a stock swap to absorb and merge with Sugon and raise supporting funds, which constitutes a related party transaction and a major asset restructuring. The company's A-share stock will be suspended from trading starting May 26, 2025, and a board meeting will be held on June 6 to review and approve the transaction proposal and other resolutions, with trading resuming on June 10. Since the proposal was disclosed, all parties have been actively promoting the related work for the transaction. This transaction plan still requires approval from the boards of directors, shareholders' meetings, and securities regulatory agencies of both parties, and there is uncertainty involved