Changxin Bochuang: Termination of the acquisition of 93.81% equity interest in Honghui Guanglian Communications

Mars Finance News: Changxin Bochuang announced that the company previously planned to acquire a 93.8108% stake in Shanghai Honghui Guangtong Communication Technology Co., Ltd., held by Shanghai Honghui Guangtong. Since signing the letter of intent, the two parties have negotiated multiple rounds, but disagreements remain on key commercial terms, especially regarding the payment cycle and rhythm of the transfer price, and no agreement has been reached. Currently, the transaction counterparty has fully refunded the company’s purchase intention deposit of 1 million yuan, and the company has received a termination letter. The equity acquisition letter of intent signed by both parties is officially terminated. This letter of intent was only a preliminary intention and did not involve a legally binding formal agreement. The termination will not affect the company’s operating performance and financial condition, and there is no situation that harms the interests of the company and minority shareholders.