Kesen Technology (603626.SH) temporarily suspends the acquisition of a 53.26% equity stake in Zhangu Technology.

Zhitong Finance APP News, Kesen Technology (603626.SH) announced that the company had previously planned to acquire a 53.26% equity stake in Huizhou Zhangu Technology Co., Ltd. (referred to as "Zhangu Technology") through capital increase and equity transfer, with a transaction amount not exceeding RMB 500 million. The downstream market demand for the industry in which Zhangu Technology operates is robust, and its order backlog and customer development are progressing well; however, its operating performance is still in a gradual release stage, and the alignment between its current performance scale and the transaction consideration still requires further observation and verification. To avoid valuation discrepancies before Zhangu Technology's performance is fully realized, the company, after careful study and consultation with the counterparty, has decided to temporarily suspend the advancement of this transaction.