Huatian Technology halts trading for strategic acquisition

Tianshui Huatian Technology Co., Ltd. has suspended trading of its shares, effective September 25, 2025, to facilitate a planned acquisition. The company intends to issue shares and pay cash to acquire assets, coupled with a private placement to raise supporting funds. This transaction involves a connected transaction.

The target company for this acquisition is Huayi Microelectronics Co., Ltd., a controlled subsidiary of Tianshui Huatian Electronic Group Co., Ltd., which is Huatian Technology's controlling shareholder. Huayi Microelectronics, with a registered capital of CNY 41,509.5832 million, is involved in the research, development, production, and sales of semiconductor power devices. Huatian Technology expects to disclose the full transaction plan by October 17, 2025.

An "Equity Acquisition Intent Agreement" has already been signed with key transaction parties. The final valuation will be determined by an appraisal institution, with specifics to be agreed upon by all parties. The company anticipates completing the appointment of financial advisors, law firms, and appraisal institutions in due course.