300542，重大资产重组终止

Group 1 - The core point of the article is that Xinchen Technology (300542) has decided to terminate its plan to acquire a 96.96% stake in Tianyi Enhua Technology Co., Ltd. due to a lack of agreement on key transaction terms among the parties involved [1] - Xinchen Technology primarily provides software development services for financial clients, including electronic channels, trade financing, data exchange, and blockchain platforms [1] - Tianyi Enhua, established on December 24, 2015, is an information system integration service provider focused on creating secure and efficient cloud computing infrastructure [1] Group 2 - The business synergy anticipated from the acquisition was expected to enhance Xinchen Technology's competitive edge in system integration services by leveraging Tianyi Enhua's cloud computing technology and virtualization solutions [2] - Xinchen Technology reported a total revenue of 124 million yuan in Q1, representing a year-on-year decline of 35.03%, and a net loss attributable to shareholders of 6.26 million yuan, compared to a loss of 13.21 million yuan in the same period last year [2]