90% equity acquisition + supporting financing, Jiahua's move this time is significant, but the announcement repeatedly emphasizes "uncertainty," indicating that the clause negotiations are still in a stalemate, and we'll wait for the audit report to see the true situation.

Jiahua Technology announces plans to acquire 90% equity of Shushen Information Technology through share issuance and cash payment, and to raise supporting funds. The transaction is expected to meet the standards for major asset restructuring, constituting a related-party transaction, but it does not constitute a reorganization or listing, nor will it lead to a change in control. Due to the large workload of due diligence, auditing, valuation, and terms negotiations, the transaction still carries uncertainties, and further disclosures will be made in a timely manner based on progress.