Core Viewpoint - Hengwei Technology plans to acquire 75% of Shuhang Technology, a rising player in the AI sector, leading to a temporary suspension of its stock trading starting September 17, 2025 [1][4]. Group 1: Acquisition Details - The acquisition involves issuing shares and cash to purchase the majority stake in Shuhang Technology, which specializes in enterprise-level AI solutions [1][4]. - The transaction is expected to not constitute a major asset restructuring, as the key financial metrics of Shuhang Technology do not meet the thresholds requiring regulatory approval [4][5]. - Hengwei Technology has signed a letter of intent with Shuhang Technology's actual controller, Zhang Jisheng, with the final pricing to be determined based on an asset evaluation report [4][5]. Group 2: Shuhang Technology Overview - Shuhang Technology, founded in late 2017 and headquartered in Shanghai, focuses on applying GPT technology to assist enterprises in digital transformation [2][3]. - The company has developed a unique large model development chain called LANGTREE, which includes a model cluster ranging from 1.5 billion to 10 billion parameters [2]. - Shuhang Technology has successfully launched a locally deployable S-GPT model in March 2023, emphasizing its focus on application transformation rather than just model development [2][3]. Group 3: Investment Context - The acquisition has garnered market attention due to Shuhang Technology's active performance in the primary market, including a significant investment from Zhejiang Rongyi Investment Management [2][3]. - Rongyi Investment has previously invested in other notable companies, indicating a trend of backing promising AI enterprises [2][3]. - The investment firm has praised Shuhang Technology for its market insight and engineering capabilities in applying new technologies [3].