Beijing Hanbang Technology Corp

Hanbang High-Tech announced on September 30 that it has decided to terminate the transaction to acquire a 51% stake in Anhui Yilu Weixing Technology Co., Ltd. through the issuance of shares. The deal was originally expected to constitute a major asset restructuring, and the company had also planned to issue shares to Beijing Zhiyun Erling Technology Co., Ltd., wholly controlled by actual controller Li Ning, to raise supporting funds. The announcement stated that given the lengthy progress of the transaction and significant changes in the current market environment compared with the initial planning stage, the board of directors, after careful study and friendly negotiation with the counterparty, decided to terminate the transaction in order to protect the interests of the company and all shareholders. In the first half of 2026, Hanbang High-Tech achieved revenue of 74.85 million yuan and a net loss attributable to the parent company of 17.54 million yuan.

Hanbang Gaoke released its 2026 interim report, showing total operating revenue of 74.8476 million yuan, down 8.46% year-on-year, and net profit attributable to the parent company of minus 17.5359 million yuan. Net cash flow from operating activities was minus 17.2885 million yuan, the asset-liability ratio was 45.37%, gross margin was 15.02%, return on equity was minus 6.54%, and diluted earnings per share was minus 0.05 yuan. The company had 29,500 shareholders, and the top ten shareholders held 34.53% of total share capital.