重大资产重组，通过！

Core Viewpoint - *ST Songfa has received approval from the China Securities Regulatory Commission (CSRC) for a significant asset restructuring, which involves acquiring 100% equity of Hengli Heavy Industry Group Co., Ltd. through a major asset swap and share issuance [1][5]. Group 1: Regulatory Approval - The CSRC has approved *ST Songfa's application to issue shares to Suzhou Zhongkun Investment Co., Ltd., Hengneng Investment (Dalian) Co., Ltd., Suzhou Hengneng Supply Chain Management Co., Ltd., and Chen Jianhua for asset acquisition [3][4]. - The approval confirms that *ST Songfa has completed all regulatory review processes necessary for the asset acquisition [2][5]. Group 2: Transaction Details - The transaction consists of three parts: a major asset swap, share issuance for the remaining equity, and fundraising through share issuance [7][10]. - *ST Songfa plans to swap all existing assets and operational liabilities for 50% equity of Hengli Heavy Industry, while the remaining 50% will be acquired through share issuance [8][9]. - The total transaction value is approximately 7.493 billion yuan, with the share issuance price set at 10.16 yuan per share, resulting in the issuance of about 738 million shares, which will constitute 85.59% of the total share capital post-transaction [10]. Group 3: Strategic Shift - Following the transaction, *ST Songfa will strategically exit the daily ceramic products manufacturing industry, with Hengli Heavy Industry becoming a wholly-owned subsidiary, focusing on research, production, and sales of ships and high-end equipment [10].