On January 22, Hanjian Heshan issued the Notice of Suspension of Trading of Beijing Hanjian Heshan Pipe Industry Co., Ltd. on Planning Major Asset Restructuring.
The announcement shows that Beijing Hanjian Heshan Pipe Industry Co., Ltd. (Hereinafter referred to as "Company" or "Hanjian Heshan") is planning to acquire 52.51% of Liaoning Xingfu New Materials Co., Ltd. (Hereinafter referred to as "Target Company") by issuing shares and paying cash to realize the control and consolidation of the target company. At the same time, it raises matching funds (hereinafter referred to as "this transaction" or "this reorganization"). According to the relevant regulations such as the Measures for the Administration of Major Asset Restructuring of Listed Companies and the Listing Rules of Shanghai Stock Exchange, this transaction does not constitute a related party transaction and constitutes a major asset restructuring, but it does not constitute a restructuring and listing
because the transaction is still in the planning stage and the relevant matters are uncertain. In order to safeguard the interests of investors and avoid unusual price movements in the share price, the company has applied for the suspension of trading of a shares of the company (Stock Short Name: Hanjianheshan, Stock Code: 603616.) From the market opening on Thursday, 22 January 2026 in accordance with the relevant requirements of the Shanghai Stock Exchange.
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