Core Viewpoint - Yangjie Technology has decided to terminate the issuance of shares and cash payment for the acquisition of Dongguan Better Electronics Technology Co., Ltd. and will instead negotiate a cash purchase of the target company's shares [1][2][3] Group 1: Transaction Details - The company held board and supervisory meetings on July 3, 2025, where it approved the termination of the share issuance and cash payment for the acquisition [1] - The original plan involved issuing shares and cash to 67 counterparties for 100% of Better Electronics, but this transaction is not expected to constitute a major asset restructuring or related party transaction [1] - The decision to terminate the transaction was made due to changes in the capital market environment and the inability to reach an agreement on transaction conditions with the counterparties [2] Group 2: Future Negotiations - Yangjie Technology signed a cash acquisition intention agreement with the main shareholders of Better Electronics on July 2, 2025, agreeing to negotiate a cash purchase of shares instead [3] - The Shenzhen Stock Exchange has terminated the review of Better Electronics' application for an initial public offering and listing on the Growth Enterprise Market [3] Group 3: Financial Position - As of the end of Q1 2025, Yangjie Technology reported short-term borrowings of 1.265 billion yuan, non-current liabilities due within one year of 473 million yuan, and long-term borrowings of 560 million yuan, totaling interest-bearing liabilities of 2.298 billion yuan [4]

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