Hua Feng Chemical (002064.SZ) terminates the issuance of shares and pays cash to purchase assets.

Smart Financial News APP, Huafeng Chemical (002064.SZ) announced that the company plans to purchase a total of 100.00% equity of Zhejiang Huafeng Synthetic Resin Co., Ltd. (hereinafter referred to as "Huafeng Synthetic Resin") held by Huafeng Group Limited (hereinafter referred to as "Huafeng Group"), You Xiaoping, You Jinhuan, and You Xiaohua through the issuance of shares and cash payment; plans to purchase 100.00% equity of Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd. (hereinafter referred to as "Huafeng Thermoplastic") held by Huafeng Group through the issuance of shares and cash payment (hereinafter referred to as "this transaction" or "the transaction"). Since the relevant proposal of this transaction did not receive more than 2/3 of the total voting rights of the shareholders' meeting, after friendly negotiation, careful study, and full demonstration between the company and all relevant parties of the transaction, based on prudential considerations, it is decided to terminate this restructuring transaction.