Core Viewpoint - The major asset restructuring plan by Jiemite to acquire control of Siteng Helix has been terminated due to the inability of the parties involved to reach an agreement on key terms [1][2][5]. Group 1: Termination of Restructuring - On December 2, Jiemite announced the termination of its plan to acquire Siteng Helix, an AI computing solution provider, through a cash transaction [2][5]. - The restructuring process lasted nearly six months, during which Jiemite conducted due diligence and audit assessments but ultimately could not finalize the core terms of the deal [5]. - No formal transaction documents were signed, and all parties agreed to terminate the restructuring without incurring any breach of contract liabilities [5]. Group 2: Company and Financial Performance - As of December 2, Jiemite's stock price fell over 3%, closing at 28.72 yuan per share, with a total market capitalization of 3.675 billion yuan [6]. - For the first three quarters of the year, Jiemite reported revenue of 440 million yuan, a year-on-year decline of 21.08%, and a net loss attributable to shareholders of 25.12 million yuan [6]. - In the third quarter alone, Jiemite achieved revenue of 149 million yuan, a year-on-year increase of 17.6%, but still reported a net loss of 15.22 million yuan [6]. Group 3: Background on Siteng Helix - Siteng Helix specializes in AI computing solutions, focusing on high-performance computing and related services, including self-developed GPU servers and AI cluster management platforms [1][7]. - The company has established a comprehensive R&D and manufacturing base, creating a complete and controllable product ecosystem that includes deep learning and cloud computing [7]. - Siteng Helix is recognized as an elite partner of NVIDIA and has received awards for its partnership with Huawei's Ascend program [7]. Group 4: Strategic Implications - The intended acquisition was expected to enhance Jiemite's capabilities in server computing, AI management software, and cloud computing, leveraging its existing customer resources and sales channels [8]. - The termination of the restructuring is not expected to adversely affect Jiemite's current operations, financial status, or strategic development [5].