Group 1 - The core point of the news is that Huitongda Network (09878.HK) is making significant progress in acquiring the high-end manufacturing company Jintongling (300091.SZ), with the Nantong Intermediate People's Court accepting Jintongling's restructuring application, marking a key step in the acquisition process [1][2] - The restructuring process has entered a judicial phase, which is crucial for Huitongda's strategy of integrating "big consumption + smart manufacturing" [1] - Jintongling's stock has been renamed to "*ST JINLING" after resuming trading, reflecting the standard regulatory measures for companies undergoing restructuring, and the stock has seen consecutive gains, indicating investor optimism [1] Group 2 - For Huitongda Network, successfully restructuring and gaining control of Jintongling holds significant strategic and capital value, as Jintongling is a leading player in the high-end equipment manufacturing sector [2] - Huitongda's self-developed "Qiancheng Cloud AI Smart Model" is expected to enhance integration with upstream manufacturing enterprises, driving digital upgrades across multiple industries [2] - Huitongda is also accelerating its layout in the "big consumption" sector, having opened its first 10 community discount supermarkets in 2025, transitioning from a B2B to a B2B+B2C model [2]

Group 1 - The company has been confirmed as the restructuring investor for Jintongling Technology Group Co., Ltd., agreeing to acquire a 25% stake for RMB 994 million [1] - The acquisition is seen as a way to obtain high-quality, scarce assets at a lower cost, enhancing shareholder returns, with the target company being a leader in the high-end manufacturing sector [2] - The restructuring process is expected to help the target company recover from temporary operational difficulties and return to profitability quickly after completion [2] Group 2 - The acquisition will facilitate the establishment of an H+A capital operation platform, allowing the company to access quality capital resources both domestically and internationally [3] - The company plans to leverage its management experience, supply chain, and industry resources to empower the retained business segments of the target company [4] - The acquisition will extend the company's industrial layout from industrial internet to high-end manufacturing, creating new growth opportunities and enhancing profitability [4]