Dawning Information provides update on major asset restructuring with Hygon

Dawning Information Industry Co., Ltd. (Dawning Information) has provided an update on the progress of its major asset restructuring. The plan involves Hygon Information Technology Co., Ltd. (Hygon Information) absorbing Dawning Information through a share-for-share merger, issuing A-shares to all A-shareholders of Dawning Information, and raising supporting funds. This transaction constitutes a related party transaction and a major asset restructuring. Both Hygon Information and Dawning Information will not have an actual controller before or after the transaction, ensuring it does not qualify as a backdoor listing.

Dawning Information's A-shares were initially suspended from trading on May 26, 2025, and continued suspension was announced on May 31, 2025. On June 6, 2025, the company's fifth board of directors' twenty-first meeting approved resolutions related to the transaction. Following this, the company's A-shares resumed trading on June 10, 2025.

Since the disclosure of the transaction preliminary plan, both Dawning Information and other parties involved have been actively progressing the related work. The company has released several progress announcements between July 9 and October 30, 2025. Further board meetings will be held to review the transaction once the relevant work is complete, adhering to disclosure requirements. Investors are advised to refer to the detailed preliminary plan for potential risk factors and procedures.