Changhong Jiahua privatization faces further delays as preconditions remain unfulfilled

Hongtu Investment Co., Limited and Changhong Jiahua Holdings Limited announced a monthly update regarding the proposed privatization of Changhong Jiahua Holdings Limited. As of December 12, 2025, all pre-conditions for the scheme of arrangement remain unfulfilled. These include necessary approvals from Mianyang City SASAC, Sichuan Provincial Development and Reform Commission, Sichuan Provincial Department of Commerce, and the State Administration of Foreign Exchange of the PRC.

The offeror, Hongtu Investment Co., Limited, has been actively working on fulfilling these pre-conditions. Filings have been made to Mianyang City SASAC, Sichuan Provincial Development and Reform Commission, and Sichuan Provincial Department of Commerce, as previously disclosed.

Investors are advised to exercise caution as the proposal's implementation and the scheme's effectiveness are contingent upon these outstanding pre-conditions being satisfied or waived. Further announcements will be made upon the satisfaction of these conditions and the despatch of the Scheme Document.