EMEI SHAN(SZ:000888) Zheng Quan Zhi Xing·2025-05-22 09:11Group 1 - The company announced the termination of the acquisition of certain assets built with raised funds from its wholly-owned subsidiary, Hongya Emei Xueya Tea Co., Ltd. [1][2] - The acquisition was initially approved in July 2015, with an estimated asset value of RMB 84.15 million, and a final transaction price of RMB 55.40 million after adjustments for unpaid engineering fees [1] - The termination was due to regulatory restrictions on the land use classification, which prevented the division and transfer of the industrial land associated with the project [2][3] Group 2 - The company stated that the termination of the acquisition would help clarify the asset ownership relationship between the company and Hongya Xueya, and would not adversely affect its operations or shareholder interests [2] - The board of directors and the supervisory board both approved the proposal to terminate the acquisition, which will be submitted for shareholder meeting approval [2][3] - The ESG committee also supported the termination, citing the conflict with local government regulations as a key reason for the decision [2][3]