Sanan Optoelectronics revealed that the company had initially intended to co-invest USD 239 million alongside foreign investors to secure 100% ownership of Lumileds Holding B.V. Nevertheless, the Committee on Foreign Investment in the United States (CFIUS) expressed concerns, stating that the deal would present national security risks to the United States that could not be effectively mitigated. Consequently, CFIUS mandated the withdrawal of the application and the cancellation of the transaction. Given that the conditions necessary for closing the deal could not be satisfied, all parties involved mutually agreed to terminate the transaction. At present, Sanan Optoelectronics has not disbursed any funds for the equity transfer, and the transfer of the target equity remains incomplete. The cancellation of this transaction does not amount to a contract violation and will not significantly impact the company's financial health or its ongoing operational capabilities. Furthermore, it will not disrupt the company's regular production and business activities.