Group 1 - The core point of the news is that Foshan Electrical and Lighting Co., Ltd. has decided to terminate the equity acquisition intention agreement with Qingdao Yilai Intelligent Technology Co., Ltd. due to changes in the market environment, and this termination will not negatively impact the company's operations or financial status [1][3]. - Foshan Lighting's financial performance shows a growth trend with revenues of 8.76 billion, 9.06 billion, and 9.05 billion for the years 2022 to 2024, and net profits of 351 million, 385 million, and 523 million respectively [3]. - The company has achieved its current performance partly due to frequent acquisitions, including the purchase of 100% of Hunan Keda New Energy Investment Development Co., Ltd. and Nanning Liaowang Automotive Lighting Co., Ltd. in 2021, and Sigma and Guoxing Optoelectronics Co., Ltd. in 2022 [3]. Group 2 - Yilai Intelligent's main business involves the design, research and development, production, and sales of smart lighting products and control systems, utilizing IoT technology and wireless communication [4]. - There is a significant overlap in business areas between Foshan Lighting and Yilai Intelligent, indicating potential synergies that were considered during the acquisition discussions [5]. - Yilai Intelligent previously attempted to list on the Sci-Tech Innovation Board but faced challenges such as patent disputes and scrutiny over its technological attributes, leading to the termination of its IPO in July 2021 [6].