XUNZHONG (02597) has announced that the company, after thorough consideration and prudent decision-making based on its current operational status and future strategic development plans, has mutually agreed with its listing guidance institution to terminate the application for a public stock offering and listing on the Beijing Stock Exchange. The relevant termination agreement has been signed, and the termination has been confirmed by the Beijing regulatory authority.

The company will consider its own development needs and market conditions in the future to plan relevant capital market arrangements at an appropriate time. The Board of Directors believes that this matter will not have any significant adverse impact on the company's business, operations, or financial condition, nor will it affect the overall interests of the company and its shareholders.