China Hongqiao (01378) announced that Hongchuang Holdings (002379) plans to issue new shares to existing shareholders of Hongtuo Industrial (including Weiqiao Aluminum Power) to acquire their target shares and related transaction documents. The board is pleased to announce that the Shenzhen Stock Exchange (SZSE) M&A and Restructuring Committee approved the transaction during its 14th review meeting of 2025 on December 10, 2025.