According to the Zhitong Finance App, Penggao Holding Group (01865) issued an announcement regarding the letter of intent on the cooperation framework agreement between the company and Guangju Zhongsheng Holdings (Hainan) Co., Ltd. on cooperation matters. After continuous negotiations, the company and Guangju Zhongsheng were unable to reach a consensus on the core terms of the cooperation project. After careful evaluation, the company decided to terminate the framework agreement letter of intent on August 21, 2026 (after the transaction period).

Since the parties to the cooperation agreement have terminated negotiations, the parties have not entered into a formal binding agreement. The Board believes that the termination of the strategic cooperation agreement has no significant adverse impact on the Group's current operating and financial situation.

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