Jalon: Planning a major asset restructuring, intends to acquire more than 51% of Shanghai Hanxing's shares

Jalon announced that the company is planning to acquire no less than 51% of the shares of Shanghai Hanxing Energy Technology through a cash payment for equity transfer, and will become its controlling shareholder after the transaction is completed. This transaction does not constitute a related party transaction and is expected to constitute a major asset reorganization, without involving the issuance of shares or changes in control. The company has disclosed progress multiple times in 2025, and as of the announcement date, all parties are advancing related work, with the specific plan still under verification. The final implementation and progress of the transaction remain uncertain