Ziguang Group terminates acquisition of Yangtze River Storage

According to the announcement, due to the relatively large investment in the memory chip factory project of Changjiang’s storage of the major asset reorganization assets, it is still in the initial stage of construction and will not be able to generate sales revenue in the short term. The company believes that the conditions for the acquisition of equity in the Yangtze River are not mature enough. Agreed to terminate this share purchase. In addition, the negotiation between the company and the counterparty to be added to the underlying asset has not yet reached a final intention, and it is expected that it will be difficult to form a feasible plan in a relatively short period of time. The company decided to terminate the planning for this major asset restructuring and resume trading on July 17.