Beijing Energy International Holding Co., Ltd. (Stock code: 686) announced that its previously proposed acquisition, structured by means of a scheme of arrangement under a Scheme Implementation Agreement, has been terminated. According to the announcement, the relevant conditions precedent were not satisfied by their respective deadlines, leading the parties to enter into a termination and release deed effective 27 February 2026.

The termination means the contemplated acquisition will no longer proceed. As a result, no circular will be dispatched to shareholders, and no special general meeting will be convened. The board has stated that this termination will not have any material adverse effect on the group’s business, operations, or financial position. The announcement also notes that the parties may, subject to further discussions, explore other potential commercial collaborations in the future.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of Beijing Energy International Holding Co., Ltd.