PIVOT AUTO(SZ:301181) 第一财经·2025-11-06 10:23Core Viewpoint - The company announced the termination of the control rights change, stating that it will not have a significant adverse impact on its operational performance and financial status [1][3][4]. Group 1 - The reason for terminating the control rights change was due to the failure of the controlling shareholder, Biaobang Network, and the actual controller, Zhao Qi, to reach an agreement on certain core terms with the transaction party [3]. - The company emphasized that the decision was made to protect the interests of all shareholders and the company itself, following careful consideration and discussions with the transaction party [3]. - The company’s operations remain normal, and the termination of the control rights change will not significantly affect its business performance or financial condition [4]. Group 2 - The relevant transaction parties did not sign a substantial agreement regarding the specific plan for the transaction, and therefore, there is no breach of contract liability for terminating the transaction [4]. - The company's stock was suspended from trading since October 31, and as of October 30, it had increased by 1.47%, closing at 51.2 yuan [4].