Chuanglian Holdings (02371) has announced that, as of March 31, 2026—the final completion date for the subscriptions—Subscriber 1 and Subscriber 2 had not yet paid the outstanding balance of the total subscription price due. As a result, the company has entered into separate termination agreements with Subscriber 1 and Subscriber 2 to cancel Subscription Agreement 1 (as amended and supplemented by the second supplemental agreement dated January 20, 2026, and the third supplemental agreement dated February 28, 2026) and Subscription Agreement 2 (as amended and supplemented by the second supplemental agreement dated January 20, 2026, and the third supplemental agreement dated February 28, 2026). The termination took effect from March 31, 2026, and the company will not issue any subscription shares to either Subscriber 1 or Subscriber 2. In light of the termination, all rights and obligations of the parties under the amended Subscription Agreement 1 and the amended Subscription Agreement 2 shall cease and terminate, and neither party shall make any claim against the other in relation to these agreements. The board of directors believes that the termination will not have a material impact on the group's existing business operations or financial condition.