Core Viewpoint - China Hongqiao (01378.HK) announced that Hongchuang Holdings plans to issue new shares to existing shareholders of Hongtuo Industrial, including Weiqiao Aluminum, to acquire target shares and related transaction documents [1] Group 1: Transaction Details - Hongchuang Holdings received approval from the China Securities Regulatory Commission on December 31, 2025, for the issuance of shares to acquire assets [1] - The approval document allows Hongchuang Holdings to issue shares to nine counterparties, including Weiqiao Aluminum, for the purchase of related assets [1] - Following the approval, 100% equity of Hongtuo Industrial has been transferred to Hongchuang Holdings, making Hongtuo Industrial a wholly-owned subsidiary [1] Group 2: Future Actions - Hongchuang Holdings will proceed with other transaction matters within the stipulated timeframe, including the registration and listing procedures for the newly issued shares, as authorized by the shareholders' meeting [1]