Sto Express Co.,Ltd. (002468.SZ) has announced that its board of directors approved a resolution to terminate the issuance of convertible bonds to unspecified investors and withdraw the related application documents.

The decision was made during a board meeting on August 4, 2026, following the company's active efforts with relevant intermediaries to advance the issuance process since its initial application.

Recently, the company's wholly-owned subsidiary, Sto Express Co.,Ltd. (referred to as "Sto Limited"), received a notice from the industry regulatory authority regarding an investigation into allegations that Sto Limited failed to fulfill its statutory obligations for unified security management. As of the announcement date, this investigation is still ongoing.

After thorough communication with all relevant parties and careful analysis, the company has decided to seek the withdrawal of its application for the issuance of convertible bonds to unspecified investors.