HJT上市企业终止重大资产重组

Core Viewpoint - The company has decided to terminate the proposed transaction involving the issuance of shares and cash payment for asset acquisition due to failure to reach an agreement on key terms with the counterparties [3][5]. Group 1: Transaction Overview - The company planned to acquire a total of 69.71% of the shares of Xingchu Century Technology Co., Ltd. through the issuance of shares and cash payment to 38 counterparties [4]. - The transaction was expected to constitute a major asset restructuring but would not qualify as a restructuring listing [4]. - The fundraising entity, Hainan Liansheng Technology Co., Ltd., is a related party, with key management personnel holding positions in both the company and Hainan Liansheng [4]. Group 2: Reasons for Termination - The decision to terminate the transaction was made after careful consideration and discussions with counterparties, primarily due to the inability to agree on the transaction price and other core terms [5]. - Xingchu Century focuses on photovoltaic power generation and related smart microgrid products, with operations spanning various regions including Gansu, Sichuan, Pakistan, Europe, Africa, and Southeast Asia [5]. Group 3: Future Reporting - The company will continue to provide quarterly updates on the operational status of the photovoltaic industry, including production, sales, technological innovations, and financing developments [6][7][8].