Huasu Holdings announced that the company used its own capital of 23.7048 million yuan to acquire 51% of Ningxia Junfeng New Energy Technology Co., Ltd. After the transaction is completed, Ningxia Junfeng will become a holding subsidiary within the scope of the company's consolidated statements. This transaction does not involve a related transaction, does not constitute a major asset restructuring, and does not need to be submitted to the board of directors and shareholders' meetings for consideration. At present, the company has paid the first payment, and the guarantee related to Ningxia Junfeng has been lifted. On October 30, 2026, Ningxia Junfeng completed the share transfer, commercial and commercial change registration and obtained a business license.

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