Zhitong Finance App News, Chenghe Technology (688625.SH) announced that the company previously planned to acquire no less than 51% of the total shares of Wuhu Yingri Technology Co., Ltd. (“Yingri Technology”) in cash. After the “Purchase Intent Agreement” was signed, the company actively organized all parties to the transaction to advance the transaction, but failed to agree on the core terms of the transaction. In order to effectively protect the interests of the company and all shareholders, after thorough careful study by the company and friendly negotiations with the counterparties, the parties to the transaction agreed to terminate the transaction and recently signed the “Termination Agreement on Intent to Acquire”, which terminated this major asset restructuring matter.

Zhitong Finance App News, Chenghe Technology (688625.SH) announced that the company previously planned to acquire no less than 51% of the total shares of Wuhu Yingri Technology Co., Ltd. (“Yingri Technology”) in cash. After the “Purchase Intent Agreement” was signed, the company actively organized all parties to the transaction to advance the transaction, but failed to agree on the core terms of the transaction. In order to effectively protect the interests of the company and all shareholders, after thorough careful study by the company and friendly negotiations with the counterparties, the parties to the transaction agreed to terminate the transaction and recently signed the “Termination Agreement on Intent to Acquire”, which terminated this major asset restructuring matter.