Beijing Xunzhong Communication Technology Co., Ltd. (2597) announced the termination of its application for the proposed public offering of shares to non-specific qualified investors on the Beijing Stock Exchange. The decision was made after considering the current business development status and future strategic planning. It is subject to shareholder approval at the first extraordinary general meeting of shareholders in 2026.

The company is also applying for the delisting of its domestic shares (RMB1.00 par value) from the National Equities Exchange and Quotations (NEEQ). After delisting, the company plans to continue strengthening core business operations, corporate management, and product competitiveness.

Additionally, the board of directors is seeking authorization at the upcoming shareholder meeting to manage all aspects of the NEEQ delisting process, including application filings, document approvals, and shareholding registration adjustments. To protect the interests of any dissenting domestic shareholders, the company and related obligors will provide a share repurchase arrangement under certain conditions, ensuring a safeguard mechanism for those opposing the delisting resolution. Further details will be available in a circular to shareholders in accordance with applicable regulations.