Dawning Information (SSE:603019) suspends trading amid restructuring

Dawning Information Industry Co., Ltd. ("Dawning" or "Sugon") (SSE:603019) is undergoing a major asset restructuring involving Haiguang Information Technology Co., Ltd. As per the announcement, Haiguang plans to absorb Sugon via a share swap, issuing A-shares to Dawning's A-share stockholders and separately issuing A-shares to raise funds. Trading of Dawning's A-shares has been suspended since May 26, 2025, and will remain so to avoid abnormal stock fluctuations. The company is actively pushing forward related work, in compliance with regulations. Dawning will continue to publish announcements as matters progress. The specific plans are subject to the approval of regulatory authorities. Investors should be aware of the uncertainties and exercise caution.