Shenzhen Zesum Technology (301486.SZ) has terminated its plan to issue additional shares to acquire 99.8555% of Hengyang Data's equity and has withdrawn the application documents.

Shenzhen Zesum Technology (301486.SZ) announced that the company's board of directors has reviewed and approved a resolution to terminate the issuance of shares and cash payment to acquire 99.8555% equity of Shenzhen Hengyang Data Co., Ltd. (referred to as "Hengyang Data") and related transaction matters, as well as to withdraw the application documents. The reason for the termination is that the progress of this transaction has taken a long time, and the current market environment has changed significantly since the planning stage of the transaction. In order to protect the interests of the company and its investors, the company has prudently decided to terminate the transaction.