300965SZSE
🚨 Material Event

Announcement on Termination of Share Issuance and Cash Payment for Asset Acquisition and Related Transactions

Hengyu Xintong Co., Ltd.··3 pages

✨ AI Summary

The company has decided to terminate the proposed transaction involving the issuance of shares and cash payment for the acquisition of 100% equity in Beijing Shendao Technology Co., Ltd. due to disagreements on key terms among parties. The decision was made during the board meeting on May 29, 2026, ensuring no adverse impact on the company's operations or financial status. The company commits not to plan any major asset restructuring within one month of this announcement.

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Full Translation

AI Translation· azure_openai

Securities Code: 300965
Securities Abbreviation: Hengyu Xintong
Announcement Number: 2026-031

Hengyu Xintong Aviation Equipment (Beijing) Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

On May 29, 2026, the Company held the ninth meeting of the third Board of Directors, where it reviewed and approved the proposal to terminate the issuance of shares and cash payment for asset acquisition and related transactions, agreeing to terminate this transaction. The relevant situation is announced as follows:

1. Basic Situation of the Transaction

The Company planned to acquire 100% equity of Beijing Shendao Technology Co., Ltd. (hereinafter referred to as "Shendao Technology") held by Zhang Junqing and 8 other counterparties through the issuance of shares and cash payment, and intended to issue shares to no more than 35 qualified specific investors to raise supporting funds (hereinafter referred to as "this transaction"). According to the "Administrative Measures for Major Asset Restructuring of Listed Companies" and other relevant laws and regulations, this transaction was expected to constitute a major asset restructuring and related transactions, but was not expected to constitute a restructuring listing, and was not expected to lead to a change in the actual controller of the Company. For specific details, please refer to the announcement titled "Hengyu Xintong Aviation Equipment (Beijing) Co., Ltd. Issuance of Shares and Cash Payment for Asset Acquisition and Related Transactions Plan" disclosed on May 13, 2026, on the information disclosure website designated by the China Securities Regulatory Commission.

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