301105，终止重大资产重组！

Core Viewpoint - Hongming Co., Ltd. (301105) has terminated its major asset restructuring plan after nearly two months of preparation due to the inability to reach a consensus on the final transaction scheme with the counterparties [1][5]. Summary by Sections Announcement of Termination - On July 17, Hongming Co., Ltd. announced the termination of its major asset restructuring plan [2][5]. Initial Plans for Restructuring - On May 21, the company disclosed plans to acquire 83% of Shenzhen Chisu Automation Equipment Co., Ltd. in cash, which would make Shenzhen Chisu a subsidiary if completed [4]. - The transaction was expected to constitute a major asset restructuring but would not change the controlling shareholder or actual controller of the company [4]. - An intention agreement was signed on May 21, and the company paid a deposit of 15.1 million RMB for the acquisition [4]. Reasons for Termination - The termination was agreed upon after thorough discussions, as the parties could not reach an agreement on the final transaction scheme despite multiple negotiations [5]. - The company will request a full refund of the transaction deposit from the counterparties [5]. Market Reaction - Following the announcement of the restructuring plan, Hongming Co., Ltd. saw a 20% increase in stock price on May 22, although it eventually receded [5]. - As of July 17, the stock closed at 37.75 RMB per share, with a market capitalization of 1.9 billion RMB [5]. Company Profile - Hongming Co., Ltd. is a manufacturer specializing in research, production, and sales of packaging equipment, primarily serving printing and packaging enterprises [5].