Yuehongyuan A: Termination of major asset restructuring planning

On June 20, Jin10 reported that Guangdong Hongyuan A announced that the company and the counterparty failed to reach an agreement on the core terms such as the transaction price, and could not reach a transaction plan and formal share transfer agreement. After friendly negotiation and prudent research, it is proposed to terminate this restructuring planning matter. According to the termination agreement, the counterparty shall fully return the earnest money of 130 million yuan to the company within 10 working days from the effective date of the termination agreement.

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