Did Le Tong's share reorganization succeed?

Le Tong's share reorganization failed. It is understood that Le Tong Co., Ltd. originally planned to issue shares and pay cash to purchase 0/00% equity of Zhejiang Qichen Technology Co., Ltd. and 45% equity of Xianghe Lisan Technology Engineering Co., Ltd. and raise matching funds. According to the audit opinion, Le Tong didn't fully explain and disclose the rationality and pricing fairness of the high appreciation rate of the underlying assets of this transaction, which did not comply with the provisions of Article 11 of the Measures for the Administration of Major Asset Restructuring of Listed Companies.