Dongbai Group announced that Fujian Dongbaichuangzhi Investment Co., Ltd., a wholly-owned subsidiary of the company, previously planned to acquire part of the shares of Hangzhou Kuailing Optoelectronics Technology Co., Ltd., and since the parties to the transaction failed to agree on key terms, the company decided to terminate the share acquisition after careful evaluation. No formal agreement has been signed on this share acquisition. The termination of the transaction will not have a significant impact on the company's financial and operating conditions, and there is no harm to the interests of the company or shareholders.

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