TailingMicro announced that the company held a board of directors meeting on August 7, 2026 to consider and approve the termination of the issuance of shares and payment of cash to purchase 100% of Shanghai Panqi Microelectronics Co., Ltd.'s shares and raise supporting capital, and withdrew the application documents. In view of changes in the market environment, after careful consideration and negotiation with the parties involved in the transaction, the company decided to terminate the transaction and promised not to plan major asset restructuring for at least one month from the date of disclosure.

TailingMicro announced that the company held a board of directors meeting on August 7, 2026 to consider and approve the termination of the issuance of shares and payment of cash to purchase 100% of Shanghai Panqi Microelectronics Co., Ltd.'s shares and raise supporting capital, and withdrew the application documents. In view of changes in the market environment, after careful consideration and negotiation with the parties involved in the transaction, the company decided to terminate the transaction and promised not to plan major asset restructuring for at least one month from the date of disclosure.