Core Viewpoint - The control transfer of Aolian Electronics has been abruptly terminated due to the failure of the acquirer, Tianjin Chaocheng Innovation Technology Co., Ltd., to fulfill payment obligations as per the share transfer agreement [1][4]. Group 1: Share Transfer Agreement Details - On December 26, 2025, Guangxi Ruiying Asset Management Co., Ltd. signed a share transfer agreement with Tianjin Chaocheng, intending to transfer 32.6667 million shares (19.09% of total shares) for a price of 630 million CNY [3]. - The agreement stipulated that the funds for the transfer would come entirely from Chaocheng's own and legally raised funds, with the intention to enhance Aolian Electronics' management and resource allocation post-acquisition [3]. Group 2: Breach of Agreement - As of February 12, 2026, Chaocheng had not made the first payment of 126 million CNY, which was due on the signing date of the agreement [4]. - Ruiying Asset had repeatedly urged Chaocheng to correct the breach and fulfill the payment, but Chaocheng failed to comply, leading to the termination of the agreement [4]. Group 3: Consequences of Termination - Following the breach, Ruiying Asset issued a termination notice, which was received by Chaocheng on February 11, 2026, resulting in the immediate cancellation of the share transfer agreement [4]. - The notice also stated that any payments made by Chaocheng would be applied towards breach penalties, and Chaocheng is liable for any losses incurred by Aolian Electronics due to this breach [4]. - Consequently, Aolian Electronics will retain Ruiying Asset as its controlling shareholder, with Qian Mingfei remaining the actual controller [4].
300585,控制权转让事项,突然终止