SCREEN terminates the capital increase and share expansion intention agreement signed with Changying Hengrong
SCREEN announced the termination of the intention agreement for capital increase and share expansion signed with Beijing Changying Hengrong Electromagnetic Technology Co., Ltd. This agreement was signed on June 26, 2025, with the aim of establishing a cooperative relationship, but it is not legally binding. Due to changes in external factors and after careful consideration, SCREEN and Changying Hengrong have mutually agreed to terminate the agreement
According to the Zhitong Finance APP, SCREEN (688053.SH) announced that on June 26, 2025, the company signed a "Capital Increase Intent Agreement" with Beijing Changying Hengrong Electromagnetic Technology Co., Ltd. (referred to as "Changying Hengrong"). This agreement represents the preliminary intention of both parties to establish a cooperative relationship and does not constitute legal binding force. Since the signing of this agreement, the company has actively communicated and negotiated with Changying Hengrong and has conducted due diligence, audit assessments, and other work on Changying Hengrong. Due to changes in external factors, the company, after careful consideration and mutual agreement with Changying Hengrong, has decided to terminate this agreement
