Degut (300950.SZ): Terminate planning of major asset restructuring matters

According to the Zhitong Finance App, Degute (300950.SZ) announced that the company originally intended to purchase 100% of Haojing Cloud Computing Technology Co., Ltd. (hereinafter referred to as the “target company” or “Haojing Technology”) and raise supporting capital by issuing shares and paying cash. Since planning the major asset restructuring, the company has been steadily advancing all aspects of this major asset restructuring, including audit and evaluation, in accordance with the requirements of relevant laws and regulations. After many negotiations with the counterparty on this major asset restructuring transaction plan, it was still not possible to agree on core terms such as the transaction price and transaction plan. On November 6, 2025, the company received “Feedback on Transaction Matters” from Haojing Technology. After communicating with its major shareholders, the target company did not agree with the company on the evaluation value of this restructuring and the proposed performance commitments and compensation terms. Considering that it is difficult to form a plan that satisfies the demands of all parties within an effective time window, in order to effectively protect the interests of listed companies and shareholders, the company and the parties involved in the transaction discussed the termination of this major asset restructuring transaction after thorough careful study and negotiation with the parties involved in the transaction.