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China Electronics entered Huada for nine days with a market value of 66 billion yuan, and the domestic EDA leader was "incorporated"After the directors' adjustment, Huada Jiutian will be included in the consolidated statements of China Electronics Group in terms of financial treatment and managed as a consolidated enterprise of China Electronics Group. At the same time, China Electronics Group plans to adjust Huada Jiutian from a strategic shareholding enterprise to a holding enterprise for management, and the internal management regulations of China Electronics Group on holding enterprises shall apply. The actual controller of Huada Jiutian intends to change from no actual controller to China Electronics Group, the controlling shareholder of the company's largest shareholder.

Huada Jiutian announced that China Electronics Group, as the controlling shareholder of the company's largest shareholder, had fully communicated and negotiated with other shareholders and directors of the company, and its shareholders, Beijing Jiuchuanghui New Asset Management Partnership (Limited Partnership) and its recommended directors, Yang Xiaodong, and independent directors, Chen Lijie and Zhou Qiang, agreed to support China Electronics Group in obtaining control of the company by transferring the board seats.As an essential tool for integrated circuit design, EDA is used to assist designers in circuit design, simulation and verification, which runs through the design, manufacturing, packaging and testing of integrated circuits.China Electronic Design Automation (EDA) software industry in-depth analysis and development trend forecast research report released by China Commercial Industry Research Institute shows that the EDA market in China reached 12 billion yuan in 2023, accounting for about 10% of the global EDA market. Analysts of China Commercial Industry Research Institute predict that the EDA market in China will reach 13.59 billion yuan in 2024.

According to official website, China Electronics Group, China Electronics Group was established in May 1989, and it is an important state-owned backbone enterprise directly managed by the central government, with network information as its core business. As of the disclosure date of this announcement, China Electronics Group holds 184,900,804 shares of Huada Jiutian through its holding subsidiary China Electronics Co., Ltd. (hereinafter referred to as "China Electronics Co., Ltd.") and its wholly-owned subsidiary CLP Jintou Holdings Co., Ltd. (hereinafter referred to as "CLP Jintou"), with a total shareholding ratio of 34.06%.After the directors' adjustment, Huada Jiutian will be included in the consolidated statements of China Electronics Group in terms of financial treatment and managed as a consolidated enterprise of China Electronics Group. At the same time, China Electronics Group plans to adjust Huada Jiutian from a strategic shareholding enterprise to a holding enterprise for management, and the internal management regulations of China Electronics Group on holding enterprises shall apply. The actual controller of Huada Jiutian intends to change from no actual controller to China Electronics Group, the controlling shareholder of the company's largest shareholder.In the announcement, Huada Jiutian said that after China Electronics Group officially acquired the control right of the company, it will give full play to the resource advantages of China Electronics Group, connect with national ministries and commissions, local governments, central enterprises and relevant industry forces, and further play an active role in key target investment, national project undertaking and industrial policy striving, so as to help Huada Jiutian solve its development needs in terms of capital, technology, team and policies as soon as possible, and help Huada Jiutian become a world-class EDA enterprise with strong international competitiveness and influence.