Core Viewpoint - Jiangsu Huayang Intelligent Equipment Co., Ltd. has announced the termination of its major asset restructuring plan, which involved the acquisition of at least 51% of Guizhou Quanan Miling Technology Co., Ltd. [1][4] Group 1: Major Asset Restructuring Overview - The company initially planned to acquire a controlling stake in the target company through a cash payment, which would have made the target a subsidiary included in the consolidated financial statements of the listed company [1][2] - The restructuring was deemed significant under the regulations of the Major Asset Restructuring Management Measures for Listed Companies [2] Group 2: Actions Taken During Restructuring Planning - Since the announcement of the restructuring, the company engaged in extensive discussions and negotiations with the transaction parties regarding the specific transaction plan [3] - The company adhered to information disclosure obligations and maintained confidentiality regarding insider information throughout the planning process [3] Group 3: Reasons for Termination - The termination was agreed upon after thorough discussions, as the parties could not reach a consensus on the final transaction plan despite multiple negotiations regarding the target company's technology and business synergies [4] Group 4: Decision-Making Process for Termination - The restructuring was still in the planning stage, and no formal board or shareholder meeting had been held to approve the transaction, thus no formal plan was disclosed [5] Group 5: Impact of Termination - The termination of the restructuring will not adversely affect the company's existing operations, financial status, or strategic development, and there are no penalties for the parties involved [5] Group 6: Commitment and Future Actions - The company has committed to not planning any major asset restructuring for at least one month following the announcement [5] Group 7: Additional Information - The company has designated specific media outlets for information disclosure, including Shanghai Securities Journal and China Securities Journal [5]
江苏华阳智能装备股份有限公司关于公司终止重大资产重组事项的公告