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

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 electronic in time! 】As an essential tool for integrated circuit design, EDA is used to assist designers in circuit design, simulation and verification, which runs through the design, manufacturing, packaging and testing of integrated circuits.

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.In the announcement, Huada Jiutian said that after China Electronics Group officially acquired the control right of the company, it will give full play to the resource advantages of China Electronics Group, connect with national ministries and commissions, local governments, central enterprises and relevant industry forces, and further play an active role in key target investment, national project undertaking and industrial policy striving, so as to help Huada Jiutian solve its development needs in terms of capital, technology, team and policies as soon as possible, and help Huada Jiutian become a world-class EDA enterprise with strong international competitiveness and influence.