Chongqing Zaisheng Technology Corp. (603601.SH) has terminated the acquisition of a 49% stake in Maikelong.

Chongqing Zaisheng Technology Corp., (603601.SH) announced that during the progress of the transaction, due to objective factors, there has been no substantial progress in the equity transfer, and the Equity Purchase Agreement has not yet taken effect. In order to effectively safeguard the interests of the company and all shareholders, after careful evaluation and friendly negotiations with all parties involved in the transaction, it has been decided to terminate the acquisition of 49% equity of Sichuan Maikelong Vacuum New Materials Co., Ltd. (hereinafter referred to as "Maikelong" or the "target company").