Zhishang Technology (301486.SZ) terminated the acquisition of 99.8555% of Hengyang Data's shares and withdrew application documents

Zhitong Finance App News, Zhishang Technology (301486.SZ) issued an announcement. The company's board of directors reviewed and passed the bill, agreeing that the company would terminate the issuance of shares and payment of cash to purchase 99.8555% of the shares and related transactions of Shenzhen Hengyang Data Co., Ltd. (“Hengyang Data”) and withdraw the application documents. The reason for the termination is due to the fact that the transaction has been in progress for a long time, the current market environment has changed significantly compared to the early stages of planning the transaction. In order to effectively protect the interests of the company and investors, the termination was decided after careful consideration by the company.