Zhitong Finance App News, Tianwei Electronics (688511.SH) issued an announcement, and the board of directors of the company deliberated and passed the “Proposal on Termination of the Acquisition of Shares in Chengdu Xiuwei Technology Development Co., Ltd.” Due to changes in the external environment and objective factors related to the transaction, after careful and comprehensive investigation by the company and full communication and agreement with Xiuwei Technology and its counterparties, the company decided to terminate the acquisition of 60% of Xiuwei Technology's shares and capital increase and share expansion matters. The termination of this matter will not adversely affect the company's operating results.

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