China Financial News APP reports that Guangdong Rongtai (600589.SH) announced that on September 2, 2024, it signed a "Agreement on the Transfer of Land Use Rights between Guangdong Rongtai Industrial Co., Ltd. and Jieyang Boyi Hardware Manufacturing Co., Ltd." Due to changes in the market environment and its own actual capital use needs, Boyi Hardware Manufacturing Company has requested the termination of the transfer of the land use rights and ownership of the above-ground buildings under the "Transfer Agreement".