On January 13, Luxshare Precision issued a statement revealing that the transfer of ownership for Wingtech's relevant assets in India could not proceed due to the seizure and freezing of those assets. Consequently, the asset transaction remained incomplete. Faced with significant hurdles from the counterparty that hindered the deal's closure and rendered the contract's objectives unattainable, Luxshare Lanto, a wholly-owned subsidiary of Luxshare Precision, has initiated arbitration proceedings with the Singapore International Arbitration Centre. The subsidiary is seeking the termination of the acquisition agreement, a refund of the already-paid transaction consideration along with other associated expenses, totaling approximately RMB 153 million, plus accrued interest. Luxshare Precision emphasized that this contract termination would not exert any detrimental effects on the company's routine production activities, overall operations, or financial health.