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Qiaoyin Co., Ltd.: Termination of a 1 billion yuan investment
Qiaoyin Co., Ltd. announced that the company originally planned to sign an “Investment Agreement for the Qiaoyin Artificial Intelligence Industry Ecosystem Headquarters Project” with the Wujiang Dongtai Lake Eco-Tourism Resort Management Office in Jiangsu Province, intending to invest no more than 1 billion yuan to establish a subsidiary in the area as the project implementation entity. However, due to objective changes in investment cooperation conditions during the project development process, the two parties were unable to reach an agreement on the original cooperation plan, and the project has not yet been substantively implemented. To optimize resource allocation and improve capital efficiency, the company has decided to terminate the investment and has issued a “Notice of Termination of Project Investment.”