[Huasheng Shares: Receives In-Principle Approval for Acquisition of 97.40% Stake in Shenzhen Yixin Technology Co., Ltd.] Huasheng Shares announced that on December 26, 2025, its controlling shareholder, Hunan Xingxiang Investment Holding Group Co., Ltd., received the "Approval from the Hunan Provincial State-owned Assets Supervision and Administration Commission Regarding the Acquisition of 97.40% Equity Stake in Shenzhen Yixin Technology Co., Ltd. by Hunan Huasheng Shares through Issuance of Shares and Cash Payment and the Raising of Supporting Funds" from the Hunan Provincial State-owned Assets Supervision and Administration Commission. The Commission has given in-principle approval to the company's overall plan to acquire 97.40% equity of Shenzhen Yixin Technology Co., Ltd. through the issuance of shares and cash payment and the raising of supporting funds. This transaction is subject to approval, registration, or consent from the Shanghai Stock Exchange and the China Securities Regulatory Commission before it can be formally implemented.
