Cixing: Termination of the issuance of shares and cash payment for asset acquisition and fundraising of supporting funds

Cixing announced that the company held a board of directors and supervisory board meeting on August 1, 2025, where it approved the proposal to terminate the issuance of shares and cash payment for the acquisition of 75% of the shares of Yangshunyi Technology Co., Ltd., as well as the fundraising plan. The company intended to acquire 75% of the shares of Shunyi Technology through the issuance of shares and cash payment, and planned to issue stocks to no more than 35 specific investors to raise supporting funds. However, during the planning and advancement of this transaction, the company and the counterparty did not reach an agreement on certain commercial terms and decided to terminate this restructuring matter. The procedure for terminating this transaction complies with relevant laws, regulations, and normative documents, and does not require submission to the company's shareholders' meeting for deliberation