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Hygon Information (688041.SH) announced that the company held a board meeting on December 9, 2025, and approved the proposal to terminate the share swap and absorption merger with Sugon, as well as the fundraising for supporting projects. The termination was primarily due to the large scale of the transaction, the involvement of numerous related parties, and changes in the market environment that rendered the conditions for the restructuring immature. Hygon Information stated that the termination of the transaction would not affect the company's production, operations, or financial condition, and that industrial synergy cooperation with Sugon would continue to advance. Meanwhile, the company committed to not planning any major asset restructuring initiatives for at least one month.
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