On December 23, Gelonghui reported that CHINAHONGQIAO (01378.HK) announced that on December 20, 2024, the company's indirect subsidiary ShanDong Weiqiao Aluminum Power Co., Ltd. ("Weiqiao Aluminum Power") signed a "Share Issuance Intent Agreement to Purchase Assets" with the company's indirect subsidiary Shandong Hontron Aluminum Industry Holding Co., Ltd. (Shandong Hontron (002379.SZ), which is approximately 22.65% indirectly held by the company). Shandong Hontron plans to acquire all the equity of ShanDong Hongtuo Industrial Co., Ltd. ("Hongtuo Industrial"), issuing new shares to existing shareholders of Hongtuo Industrial, including Weiqiao Aluminum Power, as consideration for the acquisition. After this Trade, the company's shareholding proportion in Shandong Hontron will increase accordingly, and Hongtuo Industrial will continue to be a subsidiary of the group (through Shandong Hontron). This Trade will help enhance the group's asset securitization level and promote the long-term development of the group.