301237SZSE

Announcement on Termination of Equity Acquisition Framework Agreement

Heshun Technology Co., Ltd.·March 30, 2026

✨ AI Summary

Hangzhou Heshun Technology Co., Ltd. has announced the termination of its equity acquisition framework agreement to acquire 51% of Yixing Xinli Weaving Co., Ltd. Due to a lack of consensus on key terms among the parties involved, a termination agreement was signed. This decision will not impact the company's financial or operational status. The company will continue to seek development opportunities aligned with its strategic goals.

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Full Translation

AI Translation· azure_openai

Overview of the Equity Acquisition Framework Agreement

Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as "the Company") disclosed a "Notice on Signing the Equity Acquisition Framework Agreement" on January 14, 2026 (Announcement No. 2026-001), proposing to acquire 51% of Yixing Xinli Weaving Co., Ltd. (hereinafter referred to as "Yixing Xinli" or "the Target Company") in cash to achieve control over the Target Company. For specific details, please refer to the original announcement disclosed on the Giant Tide Information Network.

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