Help Huada Jiutian become a world-class EDA enterprise with strong international competitiveness and influence.

Domestic EDA leader Huada Jiutian announcement said that the central enterprise China Electronics Information Industry Group Co., LTD. (hereinafter referred to as "China Electronics Group") will become the actual controller of the company, many investors commented that Huada Jiutian "officially joined".

Huada Jiutian announcement said that as the controlling shareholder of the company's largest shareholder, China Electronics Group, after full communication and consultation with other shareholders and directors of the company, the company's shareholder Beijing Jiuchuanghui New Asset Management Partnership (limited partnership) and its recommended director Yang Xiaodong, Independent directors Chen Lijie, Zhou Qiang and others agreed to support China Electronics Group in gaining control of the company by relinquishing board seats and other means.

After the adjustment of the directors, Huada Jiutian will be included in the scope of the consolidated statements of China Electronics Group in terms of financial processing, and will be managed as a consolidated statement of China Electronics Group. At the same time, China Electronics Group intends to adjust Huada Jiutian from a strategic equity enterprise to a holding enterprise for management, and the internal management regulations of China Electronics Group on holding enterprises are applicable. The actual controller of Huada Jiutian intends to change from no actual controller to the controlling shareholder of China Electronics Group, the largest shareholder of the company.

Public information shows that Huada Jiutian was founded in 2009, has been focusing on the development of EDA tools, sales and related services business, is currently one of the few companies in China that can provide the whole process EDA tool system. China Electronics Group, founded in May 1989, is an important state-owned backbone enterprise directly managed by the central government with Internet and information technology as its core business.

Huada Jiutian said in the announcement that after China Electronics Group officially obtained the control of the company, it will give full play to the resource advantages of China Electronics Group, docking with national ministries, local governments, central enterprise units and relevant industries, and further play an active role in key target investment, national project commitment, and industrial policy fighting. Help Huada Jiutian to solve the development needs in terms of capital, technology, team and policy as soon as possible, and help Huada Jiutian to become a world-class EDA enterprise with strong international competitiveness and influence.

It is worth mentioning that the US Department of Commerce announced the latest "Entity list" on December 2, 2024 local time, and Huada Jiutian and its related subsidiaries were included in the list. In this regard, the next day announcement of Huada nine days said: in view of the possible risks of being included in the "entity list", the company is actively responding. The impact of being included in the entity list by the United States is generally controllable. At present, the company's operation and financial situation is normal, and all businesses are progressing steadily.

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