Master Design Group (00990.HK): Terminates Acquisition of 60% equity of Anhui Chujiang Hengchuang Enterprise Management Consulting, Will Focus on Lithium Value Chain and AI Upstream and Downstream.

Zhito Financial News App, Zhongyuan Holdings (00990.HK) announced that the acquisition of 60% equity of Anhui Chujiang Hengchuang Enterprise Management Consulting Co., Ltd. has not been completed as the preconditions under the sale and purchase agreement have not been met as of the date of this announcement. Therefore, the sale and purchase agreement has been declared invalid, and the acquisition will not proceed. The Board believes that the invalidation of the sale and purchase agreement and the termination of the acquisition will not have any significant adverse impact on the Group's business, operations, or financial condition. Furthermore, the Board further believes that, after careful consideration of all circumstances, the termination of the acquisition will enable the Group to focus on the lithium value chain and AI upstream and downstream, strategically transforming around the application of resources, energy, and AI infrastructure-related industries.