XUNZHONG (02597) Plans to Withdraw Application for Public Share Offering on Beijing Stock Exchange

Stock News02-06

XUNZHONG (02597) announced that Beijing XUNZHONG Communication Technology Co., Ltd. held its 26th meeting of the third board of directors on May 9, 2023, and the second extraordinary general meeting of 2023 on May 25, 2023, where the proposal regarding the company's application for a public share offering and listing on the Beijing Stock Exchange was reviewed and approved. Considering the company's current operational status and future strategic development plans, and after careful study and prudent consideration, the company has decided to terminate its application for a public offering of shares to unspecified qualified investors and its listing on the Beijing Stock Exchange.

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