Dawning Information Industry updates on Hygon Information Technology merger

Dawning Information Industry (SSE:603019) has released an update regarding the proposed share-for-share merger of Dawning Information Industry by Hygon Information Technology, which includes a private placement to raise supporting funds. This transaction, classified as a connected transaction and a major asset restructuring, will not result in a change of actual control for Hygon Information Technology. The company's A-shares (stock code: 603019) were suspended from trading from May 26, 2025, to June 10, 2025.

The board of directors approved the preliminary plan for the merger and associated fundraising on June 6, 2025. Subsequent progress updates were issued on July 9, August 7, September 6, and October 1, 2025. The company and involved parties are actively advancing the necessary work for the transaction.

The proposed restructuring is still subject to approval by both companies' boards and shareholders, as well as relevant regulatory bodies. Investors are cautioned to review the detailed risk factors and procedures outlined in the preliminary plan disclosed on June 10, 2025, and to pay attention to subsequent announcements.