Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan after five months of deliberation, citing that the conditions for implementation are not yet mature [2][3]. Summary by Sections Termination of Restructuring - On November 26, Jianlong Micro-Nano released an announcement stating that the company planned to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [3]. - After discussions with all parties involved, it was concluded that the conditions for the major asset restructuring were not mature enough, leading to a mutual agreement to terminate the transaction [3][6]. Impact on Business Operations - The transaction was still in the planning stage, and no formal agreements had been signed, meaning that there are no breach of contract liabilities for any party involved [6]. - The termination of the restructuring will not adversely affect the company's business operations, production activities, or financial status, nor will it harm the interests of shareholders, especially minority shareholders [6]. Future Strategic Directions - Despite the termination, Jianlong Micro-Nano recognizes significant business synergy with Hanxing Energy and has established a comprehensive strategic partnership to leverage each other's resources and expertise [9]. - The focus of this partnership will be on areas such as oil refining, petrochemicals, new energy, and carbon capture, with an emphasis on market development and new product/technology collaboration [9]. - The company aims to continue pursuing its development strategy and seek more opportunities for growth, enhancing its product matrix and improving profitability for shareholders [9]. Company Profile - Jianlong Micro-Nano specializes in the research, production, and technical services of molecular sieve adsorbents and catalysts, focusing on core areas such as industrial gas separation, medical oxygen production, petrochemicals, and renewable resources [9]. - As of November 26, the company's stock price was reported at 34 CNY per share, with a total market capitalization of 3.4 billion CNY [10].

Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan, which was intended to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [2][3] Group 1: Termination of Major Asset Restructuring - The company had previously disclosed its intention to acquire shares of Hanxing Energy on June 25, but after thorough discussions and evaluations, it was determined that the conditions for the restructuring were not mature enough [3] - All parties involved in the transaction have mutually agreed to terminate the restructuring plan, and no formal transaction agreements were signed, meaning no party will bear liability for breach of contract [3] - The termination of this restructuring will not adversely affect the company's business operations, production activities, or financial status, nor will it harm the interests of shareholders, especially minority shareholders [3] Group 2: Strategic Cooperation with Hanxing Energy - Despite the termination of the asset restructuring, Jianlong Micro-Nano has established a comprehensive strategic partnership with Hanxing Energy, focusing on various fields such as petroleum refining, petrochemicals, coal chemicals, new energy, and carbon capture [4] - The partnership aims to leverage both companies' resources, technical expertise, and experience to explore market opportunities, develop new products and technologies, and enhance collaboration [4] Group 3: Financial Performance - For the first three quarters of 2025, Jianlong Micro-Nano reported revenue of approximately 590 million yuan, a year-on-year increase of 4.34%, and a net profit attributable to shareholders of approximately 72.73 million yuan, reflecting a year-on-year growth of 20.15% [5] - The improvement in performance is attributed to an optimized sales structure, increased revenue and gross margin, and effective cost control leading to a decrease in period expenses [5] Group 4: Shareholder Reduction Plan - Jianlong Micro-Nano announced a share reduction plan by shareholders holding more than 5% of the company, with a maximum reduction of 3% of total shares, due to fund expiration and exit arrangements [6] - The reduction will occur through centralized bidding and block trading within three months following the announcement [6]

Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan after five months of deliberation, citing that the conditions for implementation are not yet mature [2][4]. Group 1: Termination of Restructuring - The company planned to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through a cash payment for equity but has decided to terminate the transaction after discussions with all parties involved [2][4]. - No formal transaction agreements were signed, and all parties will not bear any breach of contract liabilities due to the termination [4]. Group 2: Impact on Business and Future Plans - The termination of the restructuring will not adversely affect the company's business operations, production activities, or financial status, nor will it harm the interests of shareholders, especially minority shareholders [4]. - Despite the termination, Jianlong Micro-Nano recognizes significant business synergy with Hanxing Energy and has established a comprehensive strategic partnership to collaborate in various fields, including oil refining, petrochemicals, and renewable energy [6]. Group 3: Strategic Focus and Market Position - Jianlong Micro-Nano aims to leverage Hanxing Energy's expertise in process design and project management to enhance its capabilities in domestic substitution technology research and market expansion [5]. - The company is focused on becoming a leading provider of new material solutions, specializing in molecular sieve adsorbents and catalysts, and is committed to improving its product matrix and profitability for shareholders [6]. - As of November 26, Jianlong Micro-Nano's stock price was 34 CNY per share, with a total market capitalization of 3.4 billion CNY [6].

Core Viewpoint - Jianlong Micro-Nano announced the termination of its major asset restructuring plan, which involved acquiring at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [1][4]. Group 1: Termination of Restructuring - The company and all parties involved in the major asset restructuring agreed to terminate the transaction due to the immaturity of the conditions necessary for implementation [1][4]. - The termination of the restructuring will not adversely affect the company's business operations, production activities, or financial status, nor will it harm the interests of shareholders, especially minority shareholders [4][6]. Group 2: Strategic Cooperation - Despite the termination of the asset restructuring, Jianlong Micro-Nano and Hanxing Energy have established a comprehensive strategic partnership to leverage their respective resources and expertise [5]. - The strategic cooperation will focus on several fields, including petroleum refining, petrochemicals, coal chemicals, new energy, natural gas purification and application, renewable energy, and carbon capture and utilization [5]. Group 3: Financial Performance - For the first three quarters of 2025, Jianlong Micro-Nano reported revenue of approximately 590 million yuan, a year-on-year increase of 4.34%, and a net profit attributable to shareholders of approximately 72.73 million yuan, reflecting a year-on-year growth of 20.15% [6]. - The improvement in performance is attributed to an optimized product sales structure, increased revenue and gross margin, and effective cost control leading to a decrease in period expenses [6]. Group 4: Shareholder Actions - The company received a notice from shareholders holding more than 5% of the shares regarding a plan to reduce their holdings due to fund expiration and exit arrangements [7]. - The shareholders plan to reduce their holdings by up to 3% of the total shares, amounting to no more than 3,001,752 shares, through centralized bidding and block trading within three months after the announcement [7].

Core Viewpoint - Jianlong Micro-Nano announced the termination of its planned acquisition of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. due to the immaturity of conditions for the major asset restructuring [1][3]. Group 1: Acquisition Details - Jianlong Micro-Nano had previously signed a letter of intent on June 24 to acquire a majority stake in Hanxing Energy, which is a downstream enterprise [3]. - The acquisition aimed to create a full-chain capability from high-performance molecular sieve material R&D to end-customer services, facilitating a transformation from a material manufacturer to a technology service provider [3]. Group 2: Company Profiles - Hanxing Energy specializes in hydrogen energy technologies, including hydrogen production, transportation, storage, and refueling stations, serving major clients like China Petroleum and China Petrochemical [3]. - Jianlong Micro-Nano is the first Sci-Tech Innovation Board listed company in Henan, focusing on the R&D, production, and sales of molecular sieve adsorbents and catalysts in various sectors, including industrial gas separation and renewable energy [3]. Group 3: Future Plans - The termination of the acquisition will not adversely affect Jianlong Micro-Nano's business operations or financial status [4]. - The company plans to establish a comprehensive strategic partnership with Hanxing Energy, focusing on areas such as oil refining, new energy, and carbon capture, while exploring new product and technology development [4]. - Jianlong Micro-Nano aims to seek more development opportunities and diversify its resource integration in the future [4].

Core Viewpoint - Jianlong Micro-Nano (688357) announced the termination of its planned acquisition of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. due to the immaturity of conditions for the major asset restructuring [2][5] Group 1: Acquisition Details - Jianlong Micro-Nano initially intended to acquire a majority stake in Hanxing Energy through cash payment [2][5] - The acquisition aimed to enhance the synergy between the two companies, as they operate in related sectors within the hydrogen energy industry [5][6] - Hanxing Energy specializes in hydrogen production, transportation, storage, and related technologies, serving major clients such as China Petroleum and China Petrochemical [5] Group 2: Strategic Partnership - Despite the termination of the acquisition, Jianlong Micro-Nano and Hanxing Energy have established a comprehensive strategic partnership to explore collaborative opportunities in various fields, including oil refining and renewable energy [6] - The partnership will focus on market development, product and technology complementarity, and new product/technology development [6] - Jianlong Micro-Nano aims to seek further development opportunities and integrate quality resources to enrich its product matrix in the future [6]

Core Viewpoint - The company, Jianlong Micro-Nano, announced the termination of its planned acquisition of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. due to the unavailability of favorable conditions for the major asset restructuring [1][2]. Group 1: Acquisition Details - Jianlong Micro-Nano initially intended to acquire a significant stake in Hanxing Energy, which is a downstream enterprise, to enhance its capabilities across the entire value chain from high-performance molecular sieve material development to customer service [4]. - The acquisition was aimed at transforming Jianlong Micro-Nano from a material manufacturer to a technology service provider, leveraging synergies with Hanxing Energy in various business applications [4]. Group 2: Business Impact - The termination of the acquisition will not adversely affect Jianlong Micro-Nano's business operations or financial status, as the company believes there is substantial business synergy value with Hanxing Energy [5]. - Despite the termination, Jianlong Micro-Nano has established a comprehensive strategic partnership with Hanxing Energy, focusing on areas such as oil refining, petrochemicals, coal chemicals, and renewable energy [5]. Group 3: Future Outlook - The company plans to actively seek more development opportunities and integrate quality resources in a diversified manner to enrich its product matrix at an appropriate time [6].

北京商报讯（记者 马换换 李佳雪）11月26日晚间，建龙微纳（688357）披露公告称，公司终止重大资 产重组。 公告显示，建龙微纳原拟以支付现金受让股权的方式合计取得上海汉兴能源科技股份有限公司不少于 51%的股份。 建龙微纳表示，目前在与重大资产重组交易对方积极磋商和认真探讨后，认为本次实施重大资产重组的 条件暂不成熟。为切实维护公司及全体股东利益，交易各方一致同意终止筹划本次交易。此外，本次终 止筹划重大资产重组不会对公司业务开展、生产经营活动和财务状况造成不利影响。 ...

Core Viewpoint - The company, Luoyang Jianlong Micro-Nano New Materials Co., Ltd. (Jianlong Micro-Nano), has decided to terminate its plan for a significant asset restructuring involving the cash purchase of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. (Shanghai Hanxing Energy) [1][2] Group 1 - Jianlong Micro-Nano signed a cooperation intention agreement with Shanghai Hanxing Energy on June 24, aiming to acquire a controlling stake [1] - The termination of the asset restructuring was agreed upon after discussions revealed that the conditions for proceeding were not mature [1][3] - Jianlong Micro-Nano primarily engages in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in various fields, including industrial gas separation and petrochemicals [1] Group 2 - Despite the termination of the acquisition, both companies recognize significant business synergy and have established a comprehensive strategic partnership [2] - The strategic cooperation will focus on areas such as oil refining, petrochemicals, coal chemicals, new energy, and carbon capture [2] - Jianlong Micro-Nano aims to seek more development opportunities in the future to enhance its product matrix and improve profitability [2]

建龙微纳(688357.SH)公告，公司此前拟以支付现金受让股权的方式合计取得上海汉兴能源科技股份有 限公司不少于51%的股份。截至目前在与重大资产重组有关各方积极磋商和认真探讨后，认为本次实施 重大资产重组的条件暂不成熟。经公司审慎研究并与交易对方友好协商，交易各方一致同意终止本次交 易事项，本次重大资产重组事项终止。 ...