Datang West Market (00620): terminated the acquisition of 50.1% of Topology Digital Technology's shares

Zhitong Finance App News, Datang Xishi (00620) issued an announcement regarding the share purchase agreement between the Group and the seller to sell and purchase 50.1% of the shares in Shaanxi Lingjing Topology Digital Technology Co., Ltd. The share purchase agreement was terminated on October 30, 2026 due to the seller's failure to fulfill its responsibilities to complete specific capital and equity restructuring under the share purchase agreement, resulting in the failure to meet the prerequisites under the share purchase agreement. As a result, this acquisition will not be completed. The Board of Directors confirmed that the Group has not paid and will not pay any consideration under the share purchase agreement.