Hangyuwei announced on February 1 that the company recently received a notice from Gree Gold Investment, the controlling shareholder of the company. Gree Gold Investment plans to terminate the agreement with Hainan Zhongxing and Zhongxing Electronics to transfer the company's shares. After the “Share Transfer Agreement” was signed, Hainan Zhongxing and Zhongxing Electronics failed to fulfill their pre-obligation to process private equity fund filings and pay security deposits as agreed in the “Share Transfer Agreement”. During this period, the relevant parties communicated and extended the share transfer matters several times. Since the relevant parties have not actually implemented the agreement, the implementation of the “Share Transfer Agreement” signed by the three parties has not met expectations, and the relevant pre-conditions for entry into force have not been met as scheduled, Gree Gold Investment plans to terminate the “Equity Transfer Agreement” signed with Hainan Zhongxing and China Star Electronics.