Yangjie Technology halts Beite Electronics acquisition over management differences

Yangzhou Yangjie Electronic Technology (Yangjie Technology) announced on October 23, 2025, that it has terminated its previously approved cash acquisition of 100% equity in Dongguan Beite Electronic Technology Co., Ltd. (Beite Electronics). The decision follows a notification from Beite Electronics' controlling and major shareholders to cease the transfer of their shares due to "differences in business types, management styles, and corporate culture" between the companies.

The acquisition, initially approved by Yangjie Technology's board on September 10, 2025, and by shareholders on September 29, 2025, aimed to secure full ownership of Beite Electronics. With the selling shareholders withdrawing their intent to transfer shares, Yangjie Technology determined that the core objective of the transaction could not be achieved.

Yangjie Technology's board of directors formally agreed to terminate the share transfer and the entire acquisition. The company stated that no transfer payments or share deliveries have occurred, meaning the termination will not result in any economic loss or adverse financial impact, and no party will be held liable for breach of contract.