Guangdong Hongyuan A: Terminate planning for major asset restructuring.

Yuexi Hongyuan A announced that the company and the counterparty failed to reach an agreement on the core terms such as the transaction price, and therefore could not reach a transaction plan and formal share transfer agreement. After friendly negotiation and careful study, it is planned to terminate the planned restructuring. According to the termination agreement, the counterparty shall return the earnest money of 130 million yuan to the company in full within 10 working days from the effective date of the termination agreement.