According to financial report on November 17 (editor: Xuan Lin), as of this report, an incomplete count shows that since September, 10 A-share listed companies, including Shimao Energy, Ruitai Materials Technology, Kairuide Holding, Infotmic Co., Ltd., Mogao Co., Cecep Techandecology&Environment, Shenzhen Roadrover Technology, Zoomlion, Top Resource Energy, and Guangdong Dongfang Precision Science & Technology, have announced termination of their restructuring matters, detailed situation is shown in the image below:

The termination of the restructuring matters has hit many stocks hard. Shimao Energy, Mogao Co., and Shenzhen Roadrover Technology experienced limit down on the following day of the announcement. Infotmic Co., Ltd.'s restructuring was terminated due to personnel from the restructuring parties being under investigation for leaking insider information.

On November 14, Shimao Energy announced that the company initially planned to purchase at least 58.07% of the equity assets of Nantong Zhanding Materials Technology Co., Ltd. from Shanghai Dongfuyuan Enterprise Development Center (Limited Partnership) and Shanghai Xuyin Zhanding Enterprise Development Center (Limited Partnership) through a combination of issuing shares and cash payment. However, the trading parties did not reach a substantial agreement on specific plans and trading conditions, so they decided to terminate this share issuance to purchase assets matter. The next day after the announcement, Shimao Energy’s shares resumed trading with a limit down.

It is understood that on November 11, Shimao Energy disclosed the restructuring intention announcement. It took only 3 days from suspension of restructuring to resumption and termination. Notably, the company's stock price had already increased significantly before the restructuring news was released. In early November, Shimao Energy saw a surge in trading, with daily transaction amounts exceeding 100 million yuan multiple times, and by the time of suspension, the stock price had recorded a maximum cumulative increase of nearly 30% in November.

On October 25, Mogao Co. announced that the company originally planned to purchase 51% of the equity of Hatian Technology through a combination of cash payment and capital increase. However, given that the market environment has changed significantly since the planning of this transaction, the trading parties failed to reach a consensus on key matters such as payment methods, transaction price, and performance commitments. After sufficient prudent research and friendly negotiations with the trading counterparties, the trading parties unanimously agreed to terminate this transaction matter. The next day after the announcement, Mogao Co. experienced a limit down.

Looking at the longer term, Mogao Co. disclosed the restructuring plan announcement on the evening of August 28, and the company's stock price recorded 4 limit ups in 5 days from August 28 to September 3, with a maximum cumulative increase of 92% from August 28 to October 25.

On September 13, Shenzhen Roadrover Technology announced that it originally planned to issue shares to 27 trading counterparties including Zoomlion, to purchase 99.5320% of the equity of Hunan Zoomlion Asia Vets High-altitude Machinery Co., Ltd., and planned to issue shares to no more than 35 specific objects to raise supporting funds. Due to significant changes in the market environment, to protect the interests of the listed company and the majority of investors, the company decided to terminate this restructuring and withdrew the related application documents from the Shenzhen Stock Exchange. The next day after the announcement, Shenzhen Roadrover Technology closed at limit down.

Kairuide holding announced on the evening of October 29 that it originally planned to purchase no less than 29.01% of the shares of State Grid Technology with cash payment, thus becoming the largest shareholder of State Grid Technology, with the transaction amount expected to be no less than 0.387 billion yuan. However, both parties have conducted careful research and discussions concerning the current market environment and core transaction terms, and have reached a consensus to terminate this significant asset restructuring matter. Interestingly, Kairuide's stock closed "down limit" early that day, and the next day's closing drop was 5.7%.

To trace back to the evening of August 5, Kairuide issued a restructuring plan announcement, and the company's stock price was limit up that day, recording four consecutive limit ups from August 5 to August 8, with a maximum cumulative increase of 96% from August 5 to October 28.

It is worth mentioning that Infotmic Co., Ltd. terminated the restructuring matter due to the relevant personnel of the restructuring parties being filed. On October 25, the company announced that it originally planned to purchase 49% equity of Huaxin Technology and 49% equity of WORLD STYLE through share issuance and cash payment; at the same time, it intended to raise supporting funds from Shunyuan Enterprise Management and others. Due to the relevant personnel of the restructuring parties being suspected of leaking insider information, the China Securities Regulatory Commission issued a "Notice of Case Filing," and after friendly consultations and careful research and argumentation with all parties involved in the transaction, it was decided to terminate this restructuring matter.