CITIC Securities Company Limited's Verification Opinion on the Transaction Not Constituting a Restructuring and Listing Event Under Article 13 of the Measures for the Major Asset Restructuring of Listed Companies

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CITIC Securities, as the financial advisor, verifies that the cash acquisition of 37.16% of Honsheng Electronics by Guanghetong Wireless does not constitute a restructuring and listing event. The transaction does not change the controlling shareholder or actual controller, nor significantly alter the listed company's business composition.

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