Huitongda Network Co., Ltd. (Stock Code: 9878) reported the status of its plan to acquire 25% equity interest in the Target Company. According to the announcement, the Restructuring Plan (draft) was approved at a creditors’ meeting on February 2, 2026, subsequently gaining court approval on February 3, 2026. This approval allows the Target Company to enter the execution stage of the Restructuring Plan.

Huitongda Network Co., Ltd. intends to move forward with the necessary follow-up work in accordance with the Restructuring Investment Agreement and the Restructuring Plan. Since the agreement’s implementation depends on the successful execution of the Target Company’s Restructuring Plan, there remains some uncertainty regarding final completion of the transaction. The company has indicated that further announcements will be made as appropriate.