According to the announcement of Guanxiang Technology, the company plans to issue shares and pay cash, purchase 100% of Jinzhou Liaojing Electronic Technology Co., Ltd. shares from Su Zhou and others, and raise supporting capital. The transaction is expected to constitute a major asset restructuring and related transaction. Trading of the company's shares was suspended on December 22, 2025, and resumed trading on January 7, 2026. As of the disclosure date of the announcement, the company has reached an agreement and plan with the counterparty. Due to the overdue date of the underlying company's financial data, the intermediary is carrying out a new phase of audit, evaluation and supplementary due diligence. A board of directors meeting will be held after completion, and it is uncertain whether the deal can finally be implemented.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.