On September 23, Sichuan Changhong disclosed that its majority-owned subsidiary, Changhong Jiahua Holdings Limited, is set to undergo privatization. This move will be carried out by Hongtu Investment, a wholly-owned subsidiary of Changhong Holding Group, via a scheme of arrangement. Under this plan, Hongtu Investment intends to purchase all the outstanding ordinary shares of Changhong Jiahua that are not already held by Sichuan Changhong. Once the privatization process is finalized, Changhong Jiahua will withdraw its ordinary shares from being listed on the Hong Kong Stock Exchange. It's worth noting that both Changhong Jiahua and Hongtu Investment have already obtained a no-objection letter from the Hong Kong Securities and Futures Commission concerning the Joint Announcement. Subsequently, on September 22, they officially released the Joint Announcement on the HKEXnews website of the Hong Kong Stock Exchange.