Gell Software (603232.SH) terminates the acquisition of Weipin Zhiyuan's equity.

Wisdom Finance News APP, Geer Software (603232.SH) announced that the company previously planned to acquire more than 51% equity of Shenzhen Weipin Zhiyuan Information Technology Co., Ltd. (referred to as "Weipin Zhiyuan") through cash payment. Due to the inability of the two parties to reach a consensus on key terms related to the transaction, in order to effectively protect the legitimate rights and interests of the company and all shareholders, after careful study by the company and friendly negotiations with the counterparty, it has been decided to terminate the planned equity acquisition.