Fenghuo Electronics announced that the company plans to purchase 98.3950% of the total shares of Shaanxi Changling Electronic Technology Co., Ltd., Shaanxi Changling Electric Co., Ltd., Shaanxi Jinchuang Hexin Investment Co., Ltd., and Shaanxi Electronic Information Group Co., Ltd. by issuing shares and paying cash, and plans to issue shares to no more than 35 specific investors to raise supporting capital. According to the relevant announcement, the M&A and Reorganization Review Committee of the Shenzhen Stock Exchange is scheduled to hold the 2nd M&A and Reorganization Review Committee Review Meeting in 2025 on January 16, 2025 to review the company's restructuring application. The company's current restructuring has yet to be reviewed and approved by the Shenzhen Stock Exchange and can only be implemented after obtaining the approval of the registration decision from the China Securities Regulatory Commission. There is still uncertainty about whether the matter will pass review, registration, and the final approval and registration period.