fibaworldcupqualifiers2023philippines| Holley Technology terminates its acquisition of 54.4842% equity interest in Jiaxing Automobile

Beijing Business Daily News (Reporter Ma Huancheng Intern Wang Manlei) On the evening of May 19fibaworldcupqualifiers2023philippines, Holley Technology (002729) disclosed that the company decided to terminate the acquisition of Shanghai Jiaxing Automobile Services Co., Ltd.(hereinafter referred to as "Jiaxing Automobile") 54fibaworldcupqualifiers2023philippines. 4842% equity and raising matching funds related matters.

Regarding the reasons for the reorganization and acquisition, Holley Technology stated that due to the long planning of this transaction, the market environment has undergone greater fluctuations and changes compared with the beginning of the planning of this transaction. Taking into account the influence of various factors, all parties to the transaction believe that we will continue to advance at this stage. There is a large risk of uncertainty in this transaction. In order to safeguard the interests of the company and relevant parties, after full and careful study and consensus with the counterparty, the company decided to terminate the acquisition of Jiaxing Automobile's equity and terminate the relevant agreements signed to issue shares and pay cash to purchase assets.

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