Dawning Information updates shareholders on Hygon Information merger

Dawning Information Industry Co., Ltd. (Dawning Information) has provided an update on its major asset restructuring, involving a share-for-share merger with Hygon Information Technology Co., Ltd. (Hygon Information). Hygon Information plans to absorb Dawning Information by issuing A-shares to all of Dawning Information's A-shareholders, along with raising supporting funds. This transaction constitutes a related-party transaction and a major asset restructuring.

Dawning Information's A-shares were suspended from trading on May 26, 2025, and resumed on June 10, 2025. The company disclosed the "Preliminary Plan for Hygon Information Technology Co., Ltd.'s Share-for-Share Absorption Merger of Dawning Information Industry Co., Ltd. and Raising Supporting Funds, and its Summary" on June 10, 2025.

As of the date of this announcement, due diligence for the transaction is ongoing. The company will convene another board meeting to review the relevant proposals after completing the work related to this transaction. The final implementation of the transaction is subject to approval from both companies' boards of directors, shareholders, and relevant securities regulatory authorities.