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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.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.【 China electronic in time! 】

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.For a long time, the EDA market in China has been monopolized by three giants: Cadence, Synopsys and Siemens EDA. According to the report of China Commercial Industry Research Institute, the market share of the top three enterprises exceeds 70%; The market share of Huada Jiutian currently accounts for 5.9%, ranking first in China.

China Electronics entered Huada for nine days with a market value of 66 billion yuan, and the domestic EDA leader was "incorporated"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.