baccaratmiffy| *ST Tongzhou: Termination of the issuance of shares and payment of cash to purchase assets

Gelonghui May 20| *ST Tongzhou announced that the company previously announced that it plans to issue shares and pay cash to purchase shares held by 17 counterparties such as Zhu Dan and Liu Mingxingbaccaratmiffy100% equity in Xiamen Kuaiyun Co., Ltd., and also issued shares to Fujian Tengxu Industrial Co., Ltd. to raise matching funds. All parties to the transaction have conducted many demonstrations and negotiations on the transaction plan of this material asset reorganization. All parties to the transaction believe that there is greater uncertainty about continuing to promote material asset reorganization at this stage. After careful study, the company and all parties to the transaction negotiated to terminate the transaction.

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