Xiangxin Technology (002965.SZ) terminated the acquisition of shares in Suzhou Coolchip Technology Co., Ltd.

Zhitong Finance App News, Xiangxin Technology (002965.SZ) announced that the company previously planned to acquire 51% of Suzhou Coolchip Technology Co., Ltd.'s shares through a combination of cash acquisitions and capital increases. After the “Equity Acquisition Framework Agreement” was signed, the company actively promoted the work related to the share acquisition and hired intermediaries to carry out comprehensive financial audits, legal due diligence, internal control evaluations, etc. of the target company; at the same time, the parties to the transaction conducted multiple rounds of negotiations on the transaction plan and core terms of this equity acquisition. However, due to the failure of the parties to the transaction to agree on the key terms of the transaction, in order to protect the legitimate rights and interests of the company and all shareholders, after careful research by the company, it was decided to terminate the share acquisition.