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On the evening of December 9th, Huada Jiutian (301269.SZ), the leader of domestic EDA, announced that China Electronic Information Industry Group Co., Ltd. (hereinafter referred to as "China Electronics Group"), a central enterprise, would become the actual controller of the company, and many investors commented that Huada Jiutian was "officially incorporated". It is worth mentioning that Huada Jiutian and its related subsidiaries were just listed in the latest "entity list" of the US Department of Commerce last week.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.Founded in 2009, Huada Jiutian has been focusing on the development, sales and related services of EDA tools.

Founded in 2009, Huada Jiutian has been focusing on the development, sales and related services of EDA tools.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.

It is worth mentioning that the US Department of Commerce announced the latest "Entity List" on December 2, 2024 local time, and Huada Jiutian and its related subsidiaries were included in the list. In this regard, Huada announced the next day that the company is actively responding to the possible risks of being included in the "entity list". The impact of being included in the entity list by the United States is generally controllable. At present, the company's operation and financial situation are normal, and various businesses are progressing steadily. The company will seize the opportunity of development and accelerate the localization process of EDA tools in the whole process.Huada Jiutian is currently one of the few companies in China that can provide a full-process EDA tool system. According to public information, Huada Jiutian can provide a full-process EDA tool system for analog circuit design, which is also one of the world's leading EDA solutions for analog circuit design. The company aims to realize the construction of full-process tool system for integrated circuits in 2025, and fully realize the full-process coverage of EDA tools in various fields of integrated circuit design and manufacturing in 2030.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%.