China Hongqiao (01378) announced that Hongchuang Holdings intends to issue new shares to the existing shareholders of Hongtuo Industrial (including Weiqiao Aluminum & Electricity) to purchase their target shares and the transaction documents related to this deal.

Hongchuang Holdings received a批复 (approval document) from the China Securities Regulatory Commission (CSRC) on December 31, 2025, titled "Approval for Shandong Hongchuang Aluminum Industry Holding Co., Ltd.'s Share Issuance for Asset Purchase Registration" (CSRC Approval [2025] No. 2970).

The main content of the approval document is the consent to Hongchuang Holdings' application to register the issuance of shares to nine counterparties, including Weiqiao Aluminum & Electricity, for the purchase of the related assets.

Following the receipt of the aforementioned approval, on the same day, the 100% equity interest of Hongtuo Industrial was fully transferred and registered under the name of Hongchuang Holdings, completing the transfer of the target assets for this transaction, whereby Hongtuo Industrial became a wholly-owned subsidiary of Hongchuang Holdings.

Hongchuang Holdings will proceed with other matters related to this transaction within the stipulated timeframe, in accordance with the requirements of the aforementioned approval document, relevant laws and regulations, and the authorization from the shareholders' meeting of Hongchuang Holdings, including but not limited to the registration and listing procedures for the new shares issued by Hongchuang Holdings.