HUITONGDA NETWORK (09878) has announced the completion of its planned acquisition of a 25% equity stake in Jin Tong Ling Technology Group Co.,Ltd. (300091.SZ). As of the announcement date, the target company's restructuring plan has been fully executed. On February 13, 2026, the court issued a civil ruling ((2025) Su 06 Po 56 No. 5) legally concluding the restructuring proceedings for the target company. The target company has completed the necessary transfer procedures to register its 25% equity stake to the securities account designated by HUITONGDA NETWORK.
HUITONGDA NETWORK is a leading industrial internet company in China that utilizes digital technology and supply chain capabilities to empower small-scale retail stores in towns and villages. The Group adheres to its corporate vision of "enabling better lives for rural residents" and maintains an entrepreneurial mindset, deepening innovation and continuously honing its capabilities. Through its smart supply chain and digital services, it empowers these small retail stores, helping its member stores to expand, improve, and strengthen their operations. Centered on its "Smart Supply Chain" and "AI+" strategies, the Group is firmly advancing the implementation of its "Integrated Production and Sales" strategy. It continuously promotes the innovative application of new quality productive forces in urban and rural distribution, building efficient channels for industrial goods to reach the countryside, thereby aiding in the expansion of domestic demand, stimulating consumption, and contributing to rural revitalization.
The target company, Jin Tong Ling Technology Group Co.,Ltd., is a manufacturing and service enterprise focused on fluid machinery, including industrial blowers, centrifugal air compressors, new high-efficiency steam turbines, and industrial boilers. It operates a provincial-level R&D center, and its main products include industrial blowers, high-efficiency centrifugal air compressors, high-speed centrifugal steam compressors, single-stage compressors, and new high-efficiency steam turbines. These products are widely used in fields such as sewage treatment, food fermentation, textile and chemical fibers, industrial process cooling systems, and food freezing and preservation.
The acquisition is stated to align with the Group's overall strategic direction and is beneficial for further consolidating and expanding the synergistic development and value enhancement of its existing business segments. By leveraging Jin Tong Ling's technical capabilities, HUITONGDA NETWORK can strengthen its upstream bargaining power and broaden its product portfolio for lower-tier markets. Furthermore, utilizing the A-share platform will allow it to benefit from policy support for high-end manufacturing, integrate resources from both capital markets, and accelerate the implementation of its "Integrated Production and Sales" strategy.
Additionally, following the acquisition of the 25% stake, HUITONGDA NETWORK will nominate the majority of the target company's board members and dispatch key management personnel to oversee the target company's daily operations and strategic decisions, ensuring the objectives of the acquisition are met.