SMART CITY DEV (08268) has issued an announcement regarding the termination of the agreement to place up to 33.33 million shares. Due to market conditions, the company and the placement agent have mutually agreed to terminate the placement agreement effective immediately. Following the termination, all obligations of the parties under the agreement are concluded, and neither party may make any claims against the other concerning matters arising from the agreement, except for any prior breaches of its terms. Furthermore, the Board of Directors believes that the termination of the placement agreement and the proposed transaction will not have any significant adverse impact on the Group's business operations or financial condition. Considering the Group's future development and market conditions, the company may explore further fundraising activities.