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On July 22, 2026, Huaxing Sourcetec made an official announcement revealing that the company, which previously held a 12% stake in Pulse Electronics, had successfully acquired an additional 39% stake through a cash transaction worth RMB 206 million. By the announcement date, Huaxing Sourcetec had already made two installment payments, amounting to a total of RMB 165 million, and had appointed its representatives to the board of directors. Pulse Electronics, in turn, had finalized the industrial and commercial registration of these changes. Consequently, Huaxing Sourcetec now commands a 51% stake in Pulse Electronics, thereby establishing itself as the controlling shareholder. Pulse Electronics has thus become a controlled subsidiary of Huaxing Sourcetec and will be incorporated into its consolidated financial statements.
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