Guangdong Qunxing Toys Joint-stock (002575.SZ) terminates major asset restructuring plan.

Guangdong Qunxing Toys Joint-stock (002575.SZ) announcement that the company previously planned to acquire at least 51% of the equity of Hangzhou Tian Kuan Technology Co., Ltd. in cash. Due to the parties unable to reach an agreement on key terms such as transaction price and transaction scheme, after thorough study and friendly negotiations with the relevant parties, the company has agreed to terminate this major asset restructuring transaction.