XUNZHONG Communications Plans to Withdraw Application for Public Share Offering and Listing on Beijing Stock Exchange

Deep News

Feb 09

XUNZHONG Communications (02597) has announced that Beijing XUNZHONG Communication Technology Co., Ltd. (the "Company") convened its 26th meeting of the third board of directors on May 9, 2023, and its second extraordinary general meeting of 2023 on May 25, 2023, where the proposal regarding the Company's application for a public share offering and listing on the Beijing Stock Exchange was reviewed and approved.

Based on the Company's current operational developments and considerations for its future strategic growth, and following careful study and prudent evaluation, the Company now intends to terminate its application for a public offering of shares to unspecified qualified investors and its listing on the Beijing Stock Exchange.

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