Azure announced that on October 13, 2025, it had agreed to invest USD 20 million to increase capital in the target company, thereby acquiring a 5.95% equity stake. In light of GEM's strategic adjustments based on internal and external changes, all parties involved in the project decided to terminate this capital increase and equity expansion after consultations. On February 11, 2026, the company's board of directors approved the termination of the equity participation and the signing of the termination agreement.
Edited by Cassie Li, lixiangying@mysteel.com
