METASPACEX (01796) announced the termination of its previously proposed plan to develop a new business focused on the Open Claw next-generation open intelligent gripping actuator. Following the publication of the initial announcement, the company's stock price experienced a significant decline. This has created uncertainty regarding the company's ability to raise sufficient capital to fund the new venture. Consequently, the board of directors resolved on May 21, 2026, that the company will not proceed with the proposed new business. The previously approved investment budget of HKD 500 million for this initiative has been cancelled. The company has not entered into any legally binding agreements related to this new business, nor has it invested any funds into it since the original announcement. METASPACEX believes that terminating this plan will not have any material adverse impact on its current financial position or existing operations.