Zheng Quan Zhi Xing·2025-09-05 11:13Core Viewpoint - Beijing Yihua Technology Co., Ltd. has decided to terminate the issuance of shares for asset acquisition and related fundraising due to the inability to reach a consensus on the final plan with transaction parties [1][3][4] Group 1: Transaction Overview - The company intended to acquire 100% equity of Danzhou Xuyang Hydrogen Energy Co., Ltd. through share issuance and raise supporting funds, which was classified as a major asset restructuring [1][2] - The trading process was initiated on February 27, 2025, with the company's stock being suspended from trading [1][2] Group 2: Decision-Making Process - The decision to terminate the transaction was made during the fourth board meeting on September 5, 2025, with unanimous approval from all present directors [4] - The transaction was still in the proposal stage, and thus did not require shareholder approval for termination [4] Group 3: Reasons for Termination - The termination was due to the failure of transaction parties to agree on the final plan, leading to a decision made after careful consideration and discussions [3][4] Group 4: Impact of Termination - The termination of the transaction is not expected to adversely affect the company's operational and financial status, and it does not harm the interests of the company or minority shareholders [6] Group 5: Company Commitments - The company commits not to plan any major asset restructuring for at least one month following the announcement of the termination [5]