Weide Information Plans to Acquire 51% Stake in Haisheng Rongchuang, Potentially Qualifying as Major Asset Restructuring

Stock News04-20

Guangdong Weide Information Technology Co.,Ltd. (688171.SH) has announced that its controlling subsidiary, Beijing Shuangzhou Technology Co., Ltd., is planning to acquire a 51% equity stake in Xiamen Haisheng Rongchuang Information Technology Co., Ltd. via a cash transaction. Upon completion of the deal, the target company will become a controlled subsidiary of Shuangzhou Technology, granting Weide Information control over it. This transaction is anticipated to potentially constitute a major asset reorganization as defined by relevant regulations for listed companies. The target company specializes in providing comprehensive IT solutions for the tobacco industry, featuring a product portfolio that spans smart tobacco agriculture, industrial intelligent manufacturing, redrying processing, cigarette marketing, modern logistics, new retail, and governmental affairs. Its primary clientele includes the State Tobacco Monopoly Administration, provincial tobacco commercial companies across China, China Tobacco industrial enterprises, redrying enterprises, and various procurement entities. The company delivers extensive informatization services to tobacco industry enterprises, plays a significant role in the sector's digital transformation, and actively participates in the formulation of multiple industry standards.

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