Lingzhi Software: Termination of share issuance for purchase of 100% equity of Kaimairui De
Lynx Software announced that on March 13th, the company held the seventh meeting of the fifth Board of Directors and agreed to terminate the issuance of shares and payment of cash to acquire 100% equity of Kaimeride Information Technology Co., Ltd. and raise supporting funds, citing the reason that the parties involved in the transaction were unable to reach an agreement on the core terms. The company's stock was suspended from trading on October 28, 2025, and resumed trading on November 11. The company promised not to plan any major asset restructurings within one month and plans to hold an investor briefing on March 18. The termination of this deal has no significant adverse impact on the company's operations and finances.
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