Changshu Tianyin Electromechanical (300342.SZ) announced on September 20 that the company held the 14th meeting of the fifth session of the board of directors on September 20, 2024. The meeting reviewed and approved the "Resolution on Dissolving and Liquidating the Stake in Harbin Institute of Technology Leixin Technology Co., Ltd." and agreed to dissolve and liquidate the stake in Harbin Institute of Technology Leixin Technology Co., Ltd. (referred to as "Leixin"). The company's management is authorized to handle relevant liquidation and cancellation matters in accordance with the law. This cancellation does not involve related transactions and does not constitute a major asset reorganization.

Due to various factors affecting the main business of Leixin, there are significant difficulties in its continued healthy operation and development. In order to avoid operational risks, reduce management costs, and improve operational efficiency, after careful study, the company has negotiated with Leixin and other shareholders and decided to liquidate and dissolve Leixin in accordance with the law and regulations.