According to the Zhitong Finance App, Honghui New Materials (002802.SZ) issued an announcement. Since Mr. Xiang Hongwei, the controlling shareholder and actual controller of the company, and Ms. Shi Ningdi signed the “Letter of Intent to Transfer Shares”, the two parties have carried out due diligence and other related work and discussed the signing of a formal equity transfer agreement, but as of the day before this announcement, the two sides were unable to reach an agreement. According to the “Letter of Intent for Transfer of Shares”, “(7) If the two parties fail to agree to sign a formal share transfer agreement after 3 months of signing this letter of intent, this letter of intent is automatically terminated.” As a result of these terms, this equity transfer was terminated.