Core Viewpoint - The announcement reveals that HaiTu Technology has terminated its advisory agreement with Dongbei Securities, which was initially signed for the purpose of public stock issuance and listing on the Beijing Stock Exchange. This decision was made after considering various factors including the company's development strategy and the current capital market environment [1][4]. Company Overview - HaiTu Technology, established in 2013, specializes in the design, manufacturing, and sales of intelligent video terminal equipment and accessories. The company is recognized as a national high-tech enterprise and a "little giant" enterprise [4]. - The main products include smart mining visual systems and non-mining smart visual systems, with significant applications in major enterprises such as China Coal Group and China Petroleum [4]. Financial Performance - For the fiscal years 2022, 2023, and 2024, the company's projected revenues are 94.44 million, 137.06 million, and 145.50 million CNY respectively. The net profit attributable to shareholders is expected to be 19.27 million, 41.83 million, and 41.65 million CNY for the same years [5]. - In the first half of 2025, the company reported a revenue of 66.78 million CNY, reflecting a year-on-year growth of 13.72%. However, the net profit attributable to shareholders decreased by 31.34% to 10.94 million CNY [6][7]. Acquisition Details - On June 26, 2025, an agreement was signed for the transfer of 51% of HaiTu Technology's shares to Shanxi Keda Control Co., Ltd. The acquisition price is set at 209.10 million CNY, with payment planned over four years [8]. - Following the acquisition, the actual controller of the company will change from Xiao Tao to Fu Guojun [7].