Core Viewpoint - Jiuzi Holdings Inc. has amicably terminated acquisition negotiations with Shenzhen Maigesong Electric Technology Co., Ltd., but the process has provided valuable insights for future development in the renewable energy sector [1][2][3]. Group 1: Acquisition Negotiations - The company had intended to fully acquire Shenzhen Maigesong to enhance its lithium battery production line and market reach, but critical issues regarding cooperation models and strategic objectives led to the termination of discussions [2]. - The experience gained from the negotiations has strengthened the company's understanding of industry trends and improved its resource allocation strategies [3]. Group 2: Future Strategy - Jiuzi Holdings remains committed to advancing in the renewable energy sector, focusing on core competencies, driving innovation, and accelerating global expansion efforts [4]. - The company aims to seek strategic partnerships that align with its long-term vision to enhance its competitive edge and deliver greater value to stakeholders [5].
Jiuzi Holdings and Shenzhen Maigesong Terminate Negotiations to Focus on Future Growth