Hygon Information Technology Co., Ltd. has unveiled its strategic intent to absorb and merge with Sugon, a move that will be accompanied by the issuance of A-share stocks to all existing A-share shareholders of Sugon as a means to raise supplementary funds. This significant corporate action qualifies as both a related-party transaction and a major asset restructuring event. It's noteworthy that, irrespective of the transaction's completion, Hygon Information will maintain its status of having no actual controller, thereby ensuring that this maneuver does not classify as a restructuring listing. The execution of this transaction blueprint is contingent upon obtaining the necessary endorsements from the boards of directors and shareholders' meetings of both entities involved. Additionally, it necessitates the formal approval, authorization, registration, or consent from the pertinent securities regulatory bodies.