Core Viewpoint - The company has decided to terminate its major asset restructuring plan due to changes in the external environment and will withdraw its application documents [1][3]. Group 1: Termination of Major Asset Restructuring - The company announced on October 31 that it will hold the fourth board meeting on October 31, 2025, to review and approve the termination of the asset restructuring plan [1]. - The restructuring involved acquiring 80% of the shares of Zhizhe Tongxing Brand Management Consulting (Beijing) Co., Ltd. through a combination of issuing shares and cash payments [3]. - The decision to terminate was made after friendly consultations among all parties involved and thorough communication with intermediaries [3]. Group 2: Business Operations and Financial Performance - The company stated that its business operations remain normal and that the termination of the transaction will not significantly impact its current production and operational activities [3]. - For the third quarter, the company reported a revenue of 204.34 million yuan, a year-on-year decrease of 30.41%, and a net profit attributable to shareholders of 4.15 million yuan, down 74.61% year-on-year [4][5]. - The net cash flow from operating activities was negative 51.01 million yuan, reflecting a significant decline of 236.79% [5]. Group 3: Future Communication with Investors - The company plans to hold an investor briefing on November 7 to discuss the termination of the major asset restructuring and communicate with investors [3].