Liansheng Technology has made an announcement stating that the company had initially formulated a plan to acquire a 69.71% stake in Xingchu Century. The intended approach was a combination of share issuance and cash payment. Moreover, the company planned to secure corresponding funds (here, "corresponding funds" is used for a more natural fit in the context, though "matching funds" remains a viable option depending on the specific financial context) by issuing shares to Hainan Liansheng. This proposed deal was anticipated to qualify as a significant asset restructuring event.

However, due to the inability of the parties engaged in the transaction to arrive at a consensus on pivotal terms, notably the transaction price, and with the aim of protecting the interests of both the company and its entire shareholder base, the company, following meticulous research and in-depth consultations with the counterparty, made the strategic decision to terminate the transaction.