Hongchuang Holdings intends to acquire all equity interests in Hongtuo Industrial

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Hongchuang Holdings is planning to issue shares to purchase 100% of the equity of Shandong Hongtuo Industrial Co., Ltd. held by Shandong Weiqiao Aluminum and Electricity Co., Ltd. and other counterparties. Hongtuo Industrial is the main production base of China Hongqiao Group Co., Ltd. and its subsidiaries in mainland China.