Jaymei Technology: Terminate the planned acquisition of Suntown Hegemony.

date
02/12/2025
Jiemete announcement, the company originally planned to purchase the controlling rights of Senton Helit Technology Co., Ltd. in cash, but due to the inability of the parties to reach a consensus on the core terms of the transaction, it has ultimately decided to terminate this major asset restructuring. This transaction was expected to constitute a major asset restructuring, but did not involve the issuance of shares, nor did it constitute a related party transaction. The termination of the restructuring will not have a significant adverse impact on the company's existing production and operation activities, financial condition, and strategic development.