Northeast Electric Development Co., Ltd. (hereinafter referred to as "Northeast Electric," "the Company," or "the Listed Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
000585SZSE
Announcement on Major Shareholder Termination of Investment Cooperation Framework Agreement
✨ AI Summary
Northeast Electric Development Co., Ltd. announced the termination of the Investment Cooperation Framework Agreement with Yunying Agricultural Technology due to lack of substantial progress since its signing in May 2020. The major shareholder, Beijing Haihongyuan Investment Management Co., Ltd., and Yunying Agricultural Technology mutually agreed to terminate the agreement without any economic or legal liabilities. The termination will not impact the company's operations.
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