Dawning Information scraps major restructuring, schedules investor briefing

Dawning Information Industry (SSE:603019) announced on December 10, 2025, that it will hold an investor briefing to discuss the termination of its major asset restructuring. The company had previously disclosed the termination of the proposed share-for-share merger with Higon Information Technology Co., Ltd. and a related private placement. This decision was approved by the board on December 9, 2025, as conditions for the restructuring were deemed no longer mature due to significant changes in market environment and the transaction’s complexity.

The restructuring, initiated on May 26, 2025, involved Higon Information absorbing Dawning Information Industry and raising supporting funds. The company had suspended its stock and provided regular updates on the progress of the transaction. The termination, approved by the board, means the transaction will not proceed, and management is authorized to handle related matters.

Dawning Information Industry emphasized that the termination will not adversely affect its production, operations, or financial condition. The company maintains a strong collaborative relationship with Higon Information, focusing on high-end computing and AI technologies, and plans to continue delivering value to shareholders, including a proposed interim cash dividend for 2025. The company commits not to plan another major asset restructuring for at least one month from the termination disclosure.