Group 1: Termination of Restructuring - The termination of the restructuring was a result of friendly negotiations among all parties and thorough communication with intermediary institutions, influenced by multiple factors [3][4] - The specific reasons for termination were not disclosed, leading to investor concerns about the vagueness of "external environment changes" cited in the announcement [2][3] - The company faced scrutiny regarding whether financial issues of the target company were the real cause for the restructuring's failure, rather than the stated external factors [3][4] Group 2: Financial Performance and Concerns - The company reported a net profit decline of 24.51% year-on-year for the first three quarters of 2025, amidst a broader struggle with "increasing revenue without increasing profit" [4] - The 2024 net profit is projected to turn from profit to loss, primarily due to significant goodwill impairment from the underperformance of a recently acquired subsidiary [4][5] - Concerns were raised about the target company's financial discrepancies, including multiple corrections to financial statements and warnings from regulatory bodies [6][12] Group 3: Role of Intermediaries - The independent financial advisors and other intermediaries conducted thorough due diligence and provided professional opinions throughout the transaction process [5][7] - Questions were raised about whether these intermediaries fulfilled their responsibilities adequately, especially regarding the financial issues of the target company [5][6] Group 4: Future Strategic Direction - The termination of the restructuring will not affect the company's overall strategic deployment, which aims to accelerate the integration of quality industry resources and commercialize AI marketing models [5][12] - The company remains open to future acquisitions of quality targets but emphasizes the need for cautious and compliant planning [5][12] Group 5: Market Performance - The company's stock has consistently underperformed, with declines noted even when the broader market rises, raising investor concerns about the underlying business health [9]