Datang Xishi (00620.HK): Termination of Acquisition of 50.1% Equity Interest in Topology Digital Technology

Zhitong Finance APP News, Datang Xishi (00620.HK) issued an announcement regarding the share purchase agreement entered into between the Group and the seller for the sale and purchase of a 50.1% equity interest in Shaanxi Lingjing Topology Digital Technology Co., Ltd. Given that the seller failed to fulfill its obligations under the share purchase agreement to complete a specific capital and equity restructuring, resulting in the unsatisfied conditions precedent under the share purchase agreement, the share purchase agreement was terminated on October 30, 2026. Accordingly, the acquisition will not be completed. The board confirms that the Group has not paid and will not pay any consideration under the share purchase agreement.