HEC Technology's QinHaui Data acquisition advances with regulatory nod

Guangdong HEC Technology Holding Co., Ltd. announced on November 27, 2025, that its acquisition of 100% equity in QinHaui Data China has been approved by China's State Administration for Market Regulation. The anti-monopoly review decision, issued on November 27, 2025, determined that no further review is required, allowing the transaction to proceed.

As of the announcement date, investors and buyers have cumulatively contributed and paid 11.2 bn yuan towards the transaction. Guangdong HEC Technology Holding has directly invested 3 bn yuan into Yichang Dongshu No. 1 Investment Co., Ltd. Additionally, Shanghai Dongchuang Future Data Co., Ltd., a wholly-owned subsidiary of Yichang Dongshu No. 1, has secured an acquisition loan of 16.8 bn yuan, which will be disbursed to Yichang Dongshu No. 3.

The total transaction consideration payable to the seller is 28 bn yuan. All parties are continuing to advance the transaction according to the agreed terms and are working towards completing the deal expeditiously. The company urges investors to monitor future announcements for further updates and to be aware of potential investment risks.