Changxin Bochuang: Termination of the intention to acquire 93.81% equity of Honghui Optical Communication.

Changxin Creat announced that the company had previously intended to acquire 93.8108% of the equity of Shanghai Honghui Guangliantong Communications Technology Co., Ltd. held by Shanghai Honghui Optical from ---. Since the signing of the letter of intent, although the two parties have conducted multiple rounds of negotiations, they have not been able to reach an agreement due to differences, particularly in the core business terms, especially the transfer price payment period and rhythm. At present, the transaction party has fully refunded the company's payment of the acquisition intention fee of 1 million yuan, and the company has received a termination letter, formally terminating the equity acquisition letter of intent signed by both parties. The letter of intent is only a preliminary intention and does not constitute a formal agreement with legal binding force. This termination will not have any impact on the company's operating performance and financial condition, and there is no situation that will harm the interests of the company and small and medium-sized shareholders. The company will continue to focus on its strategic goals and optimize its industrial layout.