Guoxing Technology: Termination of Acquisition of 100% Equity of Fuyue Technology.
Guosheng Technology Announcement: The company plans to acquire 100% equity of Tongling Fuyue Technology Co., Ltd., held by Tongling Zhenghao Technology Co., Ltd. and Lin Qin, for a total of 241 million yuan. Due to the failure to meet the prerequisite of the M&A loan in this transaction, the company has decided to terminate the acquisition. As of the date of the announcement, the company has not paid any amount, the equity under the transaction has not been transferred, and there is no default situation. The termination of this acquisition will not have any adverse impact on the company's existing operating performance and financial condition.
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