Influence of Dongfang Electric's Acquisition of Honghua on Honghua

The controlling shareholder changes. Dongfang Electric Co., Ltd. is an important state-owned backbone enterprise managed by the central government, which involves national security and the lifeline of the national economy. According to official website of Dongfang Electric, Dongfang Electric acquired some shares of Honghua for free, which made Dongfang Honghua officially become the holding company of Dongfang Electric Group, and the controlling shareholder changed. And announced the decision of the new leadership of Oriental Honghua.