Xiang Xing Group intends to carry out strategic restructuring of Huasheng through the merger with Hunan State-owned Assets Group. According to the announcement of Huasheng Co., Ltd., Xiang Xing Group has informed Huasheng Co., Ltd. that it intends to realize indirect holding of Huasheng Co., Ltd. through the merger of Hunan State-owned Assets Group. The specific details and purpose of the merger have not been disclosed in detail, but this will help Xiang Xing Group exert greater influence and control in Huasheng, and promote the resource integration and business development of both parties. To sum up, Xiang Xing Group intends to reorganize Huasheng shares through the merger and acquisition of Hunan State-owned Assets Group.