HAIQ Group major asset restructuring progress: still in negotiation, results are uncertain

Hainan HAIQI Transportation Group Co., Ltd. announced the progress of its major asset restructuring. The company plans to acquire control of the Hualing project after its spin-off through cash and/or asset payments, without involving the issuance of shares or supporting fundraising, with the specific asset scope to be negotiated. The original restructuring plan had intended to issue shares and raise funds, with significant adjustments planned for September 2024. Since the adjustment, the company has continuously disclosed progress. Affected by intense competition in the domestic duty-free market and a slowdown in consumer demand, the performance of the target company has not met expectations, and the company is still in repeated discussions and negotiations with all parties. The transaction plan needs to undergo decision-making and approval procedures, and there is significant uncertainty regarding its final implementation. The company will disclose information in a timely manner in accordance with regulations