Huasheng Co., Ltd. Disclosure of Reply to Regulatory Inquiry Letter Regarding the Issuance of Shares to Purchase Assets and Raising of Accompanying Funds

MaticHoleFiller · 2026-03-17T18:26:56+00:00

Hunan Huasheng Co., Ltd. (Stock Code: 600156) released an announcement responding to regulatory inquiries regarding its proposed acquisition of a 97.40% stake in Shenzhen Yixin Technology. The company plans to conduct the transaction through issuance of shares and cash payment, and requires approval from regulatory authorities. The announcement alerts investors to pay attention to relevant risks.

MaticHoleFiller

2026-03-17 18:26:56

Abstract generation in progress

Hunan Huasheng Co., Ltd. (Stock Code: 600156, Stock Abbreviation: Huasheng Co., Ltd.) announced on March 13 that it has responded to the inquiry letter received regarding the company’s application for issuing shares and paying cash to purchase assets, raise supporting funds, and related-party transactions.

The announcement shows that Huasheng Co., Ltd. plans to purchase 97.40% of Shenzhen Yixin Technology Co., Ltd. from 25 counterparties, including Bai Bentong and Zhang Limin, through issuing shares and paying cash. The company will also issue shares to its controlling shareholder, Hunan Xingxiang Investment Holding Group Co., Ltd., to raise supporting funds. On January 13, 2026, the company received the “Inquiry Letter on the Review of the Application for Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related-Party Transactions” (SSE Review (M&A Restructuring) [2026] No. 2) issued by the Shanghai Stock Exchange.

After receiving the inquiry letter, Huasheng Co., Ltd. organized all parties involved in this transaction and intermediary agencies to carefully study and address each question listed in the inquiry letter, and publicly disclosed the responses according to relevant requirements. The specific response content and related documents have been disclosed on the Shanghai Stock Exchange website (www.sse.com.cn) on the same day.

The announcement particularly notes that this transaction is still subject to approval, registration, or consent from the Shanghai Stock Exchange and the China Securities Regulatory Commission before it can be officially implemented. Whether the above approvals, registrations, or consents will be obtained, and the timing of final approval and registration, are uncertain. The company will, in accordance with relevant laws and regulations, perform information disclosure obligations promptly based on the progress of this transaction. Investors are advised to be aware of investment risks.

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