Leascend(SZ:300051) Sou Hu Cai Jing·2025-10-15 10:25Core Points - Liansheng Technology announced the termination of its plan to acquire 69.71% of Xingshu Century's shares due to failure to reach an agreement on key terms with the parties involved [1][4] - The company confirmed that the decision to terminate the restructuring was made after careful research and does not involve any breach of contract liabilities [1] - Liansheng Technology has committed not to plan any major asset restructuring within one month from the announcement of the termination [1] Company Overview - Liansheng Technology has focused its capital operations on the renewable energy sector since establishing heterojunction (HJT) solar cell business as its strategic direction in 2022 [1] - The target company, Xingshu Century, specializes in the research and application of intelligent microgrid solutions, covering household energy storage, commercial energy storage, and sodium-ion battery development [1] - Xingshu Century has a total photovoltaic power station scale exceeding 2.2 GW and an energy storage installation capacity of over 1 GWh [1] Related Parties - The transaction involved parties from the ZTE system, with ZTE Weixiantong holding 22.0952% and ZTE Development holding 11.7841% of Xingshu Century's shares, collectively exceeding 35% [2]