Huiyun Titanium Industry (300891.SZ): Terminate the acquisition of Detian Chemical and plan to repurchase shares

On February 28, 2024, Huiyun Titanium Industry (300891.SZ) announced that the company planned to acquire the holding equity of Detian Chemical with self-raised funds, and signed a letter of intent with Dongguan Litai Venture Capital Partnership (Limited Partnership) on Detian Chemical. equity acquisition. After full demonstration and analysis, all parties to the transaction believed that the conditions for this acquisition transaction were not yet ripe and could not reach an agreement on the transaction matters within the agreed time limit. All parties to the transaction unanimously agreed and jointly decided to terminate this equity acquisition and signed the "Termination Agreement of Letter of Intent for Equity Acquisition" on February 28. In addition, the company plans to buy back shares between 20 million yuan and 30 million yuan, and the price of the shares purchased back will not exceed 10.8 yuan/share (inclusive).