On October 23, Yangzhou Yangjie Electronic Technology Co., Ltd. (Stock Code: 300373; Stock Abbreviation: Yangjie Technology) made public its choice to cancel the related-party transaction concerning the all-cash purchase of a 100% equity interest in Dongguan Better Electronic Technology Co., Ltd. (hereinafter referred to as "Better Electronics"). This move received formal review and subsequent approval at the 22nd session of the company's fifth board of directors, as well as the 21st session of its fifth board of supervisors. The impetus for this cancellation stemmed from substantial disparities and clashes observed by the de facto controllers and principal shareholders of Better Electronics concerning the business models, management approaches, corporate cultures, and strategic outlooks of the two entities. Consequently, a mutual decision was reached to terminate the equity transfer. Yangjie Technology concurred with the cancellation of the deal and relinquished any claims for breach of contract liability.