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On January 8, Xianying Technology released a statement revealing that its subsidiary, Dongguan Runzhong, has failed to meet anticipated operational benchmarks amidst shifts in domestic and international market dynamics. According to financial data provided by Dongguan Runzhong, there exists a notable discrepancy between the cumulative performance from 2023 to 2024 and the committed targets, suggesting that the performance obligations outlined in the Supplementary Agreement to the Equity Transfer Agreement are unlikely to be met. To safeguard the rights and interests of the company and its shareholders, and in alignment with its long-term development strategy, Xianying Technology has made the strategic decision to divest Dongguan Runzhong, a non-core asset, with the aim of optimizing its asset structure.
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