VeriSilicon Holdings released an official announcement, revealing that it had recently been informed by the management of the target enterprise and the transaction counterparty. They had made the decision to call off the plan which involved issuing shares and paying cash to acquire a 97.007% equity stake in Xinlai Zhirong, along with raising supporting funds. On December 11, 2025, the company's board of directors gave its seal of approval to the termination proposal.

This particular transaction had undergone several phases, starting with the signing of a letter of intent, followed by a trading halt, and then the resumption of trading. The primary reason for the termination stems from the significant divergence between the fundamental requirements put forth by the management of the target company and the transaction counterparty, and factors such as the prevailing market environment, policy mandates, as well as the interests of the company and all its shareholders. It's worth noting that this termination is not expected to cast a shadow over the company's business endeavors and day-to-day operations.