Hand Enterprise Solutions Co., Ltd. (300170.SZ) has announced a strategic shift, deciding to halt its previously disclosed initiative to issue H shares and pursue a listing on The Stock Exchange of Hong Kong Limited. The decision was formalized after the company's board of directors approved a resolution to terminate the plan, a move driven by a comprehensive assessment of the prevailing macroeconomic landscape, capital market conditions, and the firm’s own developmental strategy.

In its official statement, the company emphasized a firm commitment to protecting shareholder interests and fulfilling its responsibilities to investors as key principles guiding this action. The board reached its conclusion following a careful and prudent discussion and analysis of all relevant factors, ultimately determining that abandoning the H-share issuance is the most suitable course of action at this time.

Concerning the procedural aspects, the termination of the H-share issuance falls squarely within the scope of authority previously delegated by the shareholders' meeting to the board of directors. As a result, the resolution does not necessitate a separate review or vote by the shareholders at a general meeting, thereby streamlining the process for implementing the board's decision.