Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan after five months of deliberation, citing that the conditions for implementation are not yet mature [2][4]. Group 1: Termination of Restructuring - The company planned to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity but has decided to terminate the transaction after discussions with all parties involved [4]. - The termination of the restructuring does not impose any breach of contract liabilities on the parties involved, as no formal agreements were signed [6]. Group 2: Future Development Opportunities - Despite the termination of the restructuring, Jianlong Micro-Nano aims to maintain a strategic partnership with Hanxing Energy, focusing on areas such as oil refining, petrochemicals, new energy, and carbon capture [9]. - The company will continue to seek development opportunities and enhance its product matrix while improving quality and profitability for shareholders [9]. - Jianlong Micro-Nano specializes in the research, production, and technical services of molecular sieve adsorbents and catalysts, targeting core sectors like industrial gas separation and renewable resources [9]. Group 3: Market Position - As of November 26, Jianlong Micro-Nano's stock price was reported at 34 yuan per share, with a total market capitalization of 3.4 billion yuan [10].

Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan after five months of deliberation, citing that the conditions for implementation are not yet mature [2][3]. Summary by Sections Termination of Restructuring - On November 26, Jianlong Micro-Nano released an announcement stating that the company planned to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [3]. - After discussions with all parties involved, it was concluded that the conditions for the major asset restructuring were not mature enough, leading to a mutual agreement to terminate the transaction [3][6]. Impact on Business Operations - The transaction was still in the planning stage, and no formal agreements had been signed, meaning that there are no breach of contract liabilities for any party involved [6]. - The termination of the restructuring will not adversely affect the company's business operations, production activities, or financial status, nor will it harm the interests of shareholders, especially minority shareholders [6]. Future Strategic Directions - Despite the termination, Jianlong Micro-Nano recognizes significant business synergy with Hanxing Energy and has established a comprehensive strategic partnership to leverage each other's resources and expertise [9]. - The focus of this partnership will be on areas such as oil refining, petrochemicals, new energy, and carbon capture, with an emphasis on market development and new product/technology collaboration [9]. - The company aims to continue pursuing its development strategy and seek more opportunities for growth, enhancing its product matrix and improving profitability for shareholders [9]. Company Profile - Jianlong Micro-Nano specializes in the research, production, and technical services of molecular sieve adsorbents and catalysts, focusing on core areas such as industrial gas separation, medical oxygen production, petrochemicals, and renewable resources [9]. - As of November 26, the company's stock price was reported at 34 CNY per share, with a total market capitalization of 3.4 billion CNY [10].