Merrison terminates $360 million acquisition of German and Polish companies

Merrison announced that it has decided to terminate its equity acquisition plan with German and Polish companies because the conditions for continuing to promote major asset restructuring are not yet fully mature. The original plan was to establish a wholly-owned subsidiary in Luxembourg through Merrison Technology International Co., Ltd., a wholly-owned subsidiary, to purchase the equity of the two companies in cash, with a total transaction amount of approximately 360 million yuan.