Shenzhen Goodix Technology (603160.SH) terminates the issuance of shares and the related cash acquisition of assets.

Shenzhen Goodix Technology (603160.SH) announced that the board of directors and board of supervisors have approved the "Resolution on Terminating the Issuance of Shares and Payment of Cash to Purchase Assets and Raise Matching Funds". Previously, the company planned to purchase 100% of the shares of Yunyinggu Technology Co., Ltd. through the issuance of shares and payment of cash, while also planning to raise matching funds through the issuance of shares. After negotiating and discussing the terms of the transaction with the parties involved, the company and the counterparty were unable to reach a consensus on the price and other commercial terms of the transaction. After careful consideration and consultation with the counterparty, the company has decided to terminate the transaction and has authorized the management to handle the related matters of the termination.