Xiangxin Technology announced that the company previously planned to acquire 51% of Suzhou Coolchip Technology Co., Ltd.'s shares through a combination of cash acquisitions and capital increases. Since the parties to the transaction failed to agree on key terms related to the transaction, the company decided to terminate the share acquisition; the two parties have not signed a formal share acquisition agreement, and the termination is not subject to default or liability for compensation, and will not have a significant impact on the company's financial situation and operating conditions.

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