WS Technology: Termination of the framework agreement to acquire 51% equity of Yixing Xinli

Sina Finance reported on March 30th that Heshun Technology announced that the company has decided to terminate the framework agreement to acquire 51% of the equity of Yixing Xinli Textile Co., Ltd. in cash. Due to the inability of all parties to reach an agreement on the main terms of cooperation, the company has signed a "Termination Agreement" with the counterparty. The framework agreement was only an intention agreement and did not sign a formal document with legal binding force. This termination will not have a negative impact on the company's financial situation and operations, and there is no situation that harms the interests of small and medium shareholders. The company will continue to promote established strategies and seek other development opportunities.