Summary by Moomoo AI
The Dongyue Group Limited (the “Dongyue Group”) announced on 2 May 2024 that the Company reached a termination agreement with Qishin Investments on a shareholding voting arrangement reached on 4 August 2023 (the “Termination Arrangement”). Under the previous arrangement, Qishin Investments would be consistent with Mr. Zhang Jianhong, the Company's Chairman, Chief Executive Officer and Executive Director in exercising its voting rights in the shares of Dongyue Group. Upon termination of the Arrangement, Qixin Investments will be free to decide how to exercise its shareholder rights. The Company expects that this termination arrangement will not have a material impact on the Company's business management.