Core Viewpoint - Both InSai Group and TaiFu Pump Industry announced the termination of their respective major asset restructuring plans due to changes in external conditions and failure to reach a final agreement on the transaction [1][2][3][8]. InSai Group - InSai Group held its fourth board meeting on October 31, where it approved the termination of the asset restructuring plan and applied to withdraw the application documents from the Shenzhen Stock Exchange [3]. - The company intended to acquire 80% of the equity of ZhiZhe TongHang Brand Management Consulting (Beijing) Co., Ltd. through a combination of issuing shares and cash payment, which constituted a major asset restructuring [6]. - The company reported that its business operations remain normal and the termination of the transaction will not significantly impact its existing production and operations [7]. - For Q3, InSai Group achieved revenue of 204 million yuan, a year-on-year decrease of 30.41%, and a net profit of 4.15 million yuan, down 74.61% [7]. - For the first three quarters, the company reported revenue of 759 million yuan, an increase of 8.29%, and a net profit of 27.38 million yuan, a decrease of 24.51% [7]. TaiFu Pump Industry - TaiFu Pump Industry announced that it could not reach a consensus on the final transaction plan with the other party, leading to the termination of the major asset restructuring [2][8]. - The company had planned to acquire at least 51% of the equity of Zhejiang Nanyang Huacheng Technology Co., Ltd. in cash to gain control [8]. - The termination of the restructuring is not expected to have a significant adverse impact on the company's current operations, financial status, or strategic development [11]. - For the first three quarters, TaiFu Pump Industry reported revenue of 635 million yuan, a year-on-year increase of 23.36%, and a net profit of 16.85 million yuan, down 13.89% [12].