WSBE(SH:600421) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-06 02:00Core Viewpoint - The proposed share transfer of 25.01% of *ST Huaron's equity has been officially terminated due to substantial breaches by the buyer, Hainan Bocheng Huineng Technology Center, and its inability to fulfill obligations [1] Group 1: Share Transfer Agreement - The initial agreement, made on August 11, 2025, involved Zhejiang Hengshun intending to transfer 19.50% of shares and Shanghai Tianji planning to transfer 5.51% of shares, which would have led to a change in control of the company [1] - The termination of the agreement is primarily attributed to Bocheng Huineng's failure to provide loans as agreed, delays in submitting necessary review materials, and unauthorized transfer of account funds [1] Group 2: Financial Implications - Bocheng Huineng's actions resulted in a significant reduction of its bank deposit balance, which was reported to be much lower than the amount disclosed by the company [1] - As per the agreement, Bocheng Huineng is required to pay a penalty of 10% of the total share transfer price, amounting to 35,123,969.78 yuan to Zhejiang Hengshun and 9,917,328.00 yuan to Shanghai Tianji within three working days of receiving the termination notice [1] - Lin Mushun, associated with Bocheng Huineng, is liable for the payment obligations and must provide unlimited joint and several guarantees [1]