Group 1 - Cixing Co., Ltd. announced the termination of its plan to acquire 75% of Shenyang Shunyi Technology Co., Ltd. due to failure to reach agreement on certain commercial terms after multiple negotiations [1] - The company committed to not planning any major asset restructuring within one month following the announcement of the termination [1] - Cixing Co., Ltd. has previously attempted to acquire Wuhan Minsong New Technology Co., Ltd. but also terminated that transaction due to disagreements on final transaction conditions [3] Group 2 - The computer knitting machine industry is facing intensified homogenization competition, leading to compressed profit margins and a need for significant adjustments in the industry landscape [2] - In Q1 2025, the computer knitting machine industry experienced stable performance, but downstream order volumes are facing short-term stagnation due to consumer demand [2] - Cixing Co., Ltd. reported a revenue of 608 million yuan in Q1 2025, a year-on-year increase of 2.73%, while its net profit attributable to shareholders decreased by 66.46% to 76.11 million yuan [3]

Core Viewpoint - Ningbo Cixing Co., Ltd. has decided to terminate the issuance of shares and cash payment for asset acquisition, as well as the fundraising related to this transaction due to failure to reach consensus on commercial terms with some counterparties [1][2][3] Transaction Overview - The company intended to acquire 75% of the shares of Shunyi Technology Co., Ltd. through the issuance of shares and cash payment, along with raising funds from no more than 35 specific investors [1] - The company had disclosed the transaction plan and resumed trading on June 4, 2025 [1] Progress of the Transaction - The company actively coordinated with all parties involved to conduct audits, evaluations, and due diligence on the target company, adhering to relevant regulations [2] - Regular progress announcements were made in compliance with the regulations governing major asset restructuring [2] Reasons for Termination - After multiple rounds of negotiations, the company could not reach an agreement on certain commercial terms with some counterparties, leading to the decision to terminate the transaction to protect the long-term interests of all shareholders [2][3] Decision-Making Process - The decision to terminate the transaction was approved in the 17th meeting of the fifth board of directors, and it did not require submission to the shareholders' meeting [3] Impact of Termination - The termination was made after careful consideration and does not involve any breach of contract responsibilities [3] - Despite the unsuccessful collaboration, Shunyi Technology acknowledged the company's professionalism and diligence, and the company looks forward to future cooperation in technology innovation [3] Commitment - The company commits not to plan any major asset restructuring within one month following the announcement of the termination [4] - The board expressed apologies for any inconvenience caused to investors and thanked them for their continued support [4]

Core Viewpoint - Cixing Co., Ltd. has terminated its acquisition of 75% of Shenyang Shunyi Technology Co., Ltd. due to failure to reach consensus on certain commercial terms after multiple negotiations [2][4]. Group 1: Termination of Acquisition - The company announced the termination of the asset purchase and fundraising plan, stating that it strictly followed relevant laws and regulations during the transaction process [4][8]. - The decision to terminate the acquisition was made after careful consideration to protect the long-term interests of all shareholders, with no party incurring any breach of contract liabilities [8]. Group 2: Future Development Strategy - Cixing Co., Ltd. plans to continue focusing on its core business of intelligent knitting equipment, aiming to enhance technology levels and promote advancements in knitting processes [11]. - The company is exploring new growth opportunities in fields such as smart wearables and medical textiles, while also seeking to upgrade its business model [11]. - As of August 1, the company's stock price was 8.17 yuan per share, with a total market capitalization of 6.5 billion yuan [11].

Mergers and Acquisitions - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. in collaboration with foreign investor Inari Amertron Berhad for a cash consideration of $239 million [1] - Wehua New Materials intends to acquire controlling stake in Jiangsu Heyutai Chemical Co., with the specific acquisition ratio to be negotiated [2] - Cixing Co. has terminated its plan to acquire 75% of Shunyi Technology due to disagreements on commercial terms with some counterparties [3] Performance Disclosure - Zangge Mining reported a 38.80% year-on-year increase in net profit attributable to shareholders for the first half of 2025, with total revenue of 1.678 billion yuan, a decrease of 4.74% [4] - Beijing Culture recorded a net loss of 233 million yuan for the first half of 2025, despite a significant revenue increase of 1944.24% to 158 million yuan [5] - Rongbai Technology reported a net loss of 68.39 million yuan for the first half of 2025, with revenue of 6.248 billion yuan, down 9.28% year-on-year [6] Shareholding Changes - Yuxin Technology's controlling shareholder, Yuqin Hongtai, plans to reduce its stake by up to 1.50%, amounting to a maximum of 10.56 million shares [7] - Henghua Technology's shareholder, Chen Xianlong, intends to reduce his stake by up to 1.50%, equating to a maximum of 9 million shares [8] - Kangpeng Technology's shareholders plan to collectively reduce their stake by up to 5.89% of the company's total equity [9]

Core Viewpoint - Cixing Co., Ltd. has announced the termination of its acquisition of 75% of Shenyang Shunyi Technology Co., Ltd. due to failure to reach consensus on certain commercial terms after multiple rounds of negotiations, prioritizing the long-term interests of its shareholders [1][3]. Group 1: Acquisition Termination - This marks the second time in 2023 that Cixing Co., Ltd. has terminated an acquisition deal [2]. - The intended acquisition of Shunyi Technology was part of Cixing's strategy to diversify and upgrade its production capabilities, as the company is a leader in the knitting machinery sector [3]. - Shunyi Technology specializes in health management systems and intelligent detection equipment, serving stable clients in the defense technology sector [3]. Group 2: Previous Acquisition Attempts - Earlier in 2023, Cixing Co., Ltd. also terminated its plan to acquire Wuhan Minsong New Technology Co., Ltd. due to disagreements on final transaction conditions [4][5]. - Wuhan Minsong has established a significant production line for RF filters and is expanding its capacity with a projected investment of 3 billion yuan, aiming for substantial annual output [5].

Group 1 - China Foreign Transport plans to increase its stake in Antong Holdings by 300 million to 600 million yuan, with a maximum purchase price of 3.2 yuan per share [2] - Chipone Technology expects its revenue for the second quarter of 2025 to be approximately 584 million yuan, representing a quarter-on-quarter growth of 49.9% [1] - Nova Star Cloud intends to repurchase shares worth 75 million to 150 million yuan for employee stock ownership plans [5] Group 2 - Cangge Mining reported a 38.8% year-on-year increase in net profit for the first half of 2025, with a proposed cash dividend of 10 yuan per 10 shares [7] - Jiangfeng Electronics' subsidiary plans to purchase 97 machine tools for a total estimated value of 233 million yuan to expand production capacity [9] - Aorikin plans to invest approximately 442 million yuan in a new can production line in Thailand and 647 million yuan in Kazakhstan [10]

Core Viewpoint - Cixing Co., Ltd. has terminated the acquisition of 75% of Shenyang Shunyi Technology Co., Ltd. due to failure to reach consensus on certain commercial terms after multiple negotiations [1][2]. Group 1: Termination of Acquisition - Cixing Co. announced the termination of the issuance of shares and cash payment for asset acquisition, along with the fundraising for supporting funds [2]. - The decision to terminate the acquisition was made after careful consideration and thorough research, ensuring no party would bear any breach of contract liabilities [4]. Group 2: Company Strategy and Future Direction - Cixing Co. plans to continue focusing on its core business in the intelligent knitting equipment industry, aiming to enhance technology levels and promote advancements in knitting processes [8]. - The company is exploring new growth opportunities in fields such as smart wearables and medical textiles, while also seeking to upgrade its business model [8]. - Cixing Co. had previously aimed to optimize its industrial layout and create a second growth curve through the acquisition, which would have expanded its business into the defense technology sector [7]. Group 3: Current Financial Status - As of August 1, Cixing Co.'s stock price was reported at 8.17 yuan per share, with a total market capitalization of 6.5 billion yuan [9].

Core Viewpoint - Cixing Co., Ltd. announced the termination of its plan to issue shares and pay cash for asset acquisition, along with fundraising activities [2] Group 1 - The fifth supervisory board of Cixing Co., Ltd. held its 17th meeting and approved the proposal to terminate the asset acquisition plan [2]

Core Viewpoint - Cixing Co., Ltd. announced the termination of its plan to issue shares and pay cash for asset acquisition, along with fundraising activities [2] Group 1 - The fifth board of directors of Cixing Co., Ltd. held its 17th meeting and approved the proposal to terminate the asset acquisition plan [2]

公告显示，慈星股份拟通过发行股份及支付现金的方式购买顺义科技的75%股份，并拟向不超过35名特 定投资者发行股票募集配套资金。但经进行多轮协商和谈判后，慈星股份与本次交易的部分交易对方就 部分商业条款未达成一致意见，为维护公司全体股东长期利益，公司经审慎性考虑，决定终止本次重组 事项。 北京商报讯(记者马换换实习记者李佳雪)8月1日晚间，慈星股份（300307）披露公告称，公司终止发行 股份及支付现金购买阳顺义科技股份有限公司(以下简称"顺义科技")75%股份并募集配套资金事项。 慈星股份表示，公司终止本次交易事项是经公司审慎研究和充分论证后作出的决定，不存在公司及相关 方需承担相关违约责任的情形。 交易行情显示，截至8月1日收盘，慈星股份股价报8.17元/股，总市值64.89亿元。 ...