Henan Shijia Photons Technology Co.,Ltd. Calls Off Acquisition of Dongguan Fuke Xima Communication Technology Co., Ltd. Shares

Stock News05-26

Henan Shijia Photons Technology Co.,Ltd. (688313.SH) has announced the termination of its previously proposed acquisition of equity in Dongguan Fuke Xima Communication Technology Co., Ltd., which was to be funded through a combination of share issuance and cash payment, along with a supporting capital raise. Since the initiation of this transaction, the company actively coordinated with all relevant parties to advance the deal, engaging in multiple rounds of negotiations on core terms. However, the parties ultimately failed to reach a consensus on key matters including the transaction structure, pricing, and performance commitments. To safeguard the long-term interests of the company and its investors, and following careful consideration, the company has decided to terminate the transaction.

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