Enlightify Inc. has announced the termination of a previously planned acquisition of Lonestar Dream Inc. The company entered into a Mutual Rescission Agreement with Mr. Zhibiao Pan to cancel the Stock Purchase Agreement initially established on December 27, 2023. Under the original agreement, Enlightify was set to acquire all shares of Lonestar, owned by Mr. Pan, for $49 million. As the transaction had not been completed, the company had already paid $9,947,981.04 to Mr. Pan. Both parties have agreed to cooperate in returning the funds, with Mr. Pan obligated to repay the amount within 180 days, or face liquidated damages for any delay. Enlightify Inc. stated that the agreement includes mutual releases from any claims related to the transaction, with no admissions of liability or wrongdoing by either party.