THREE SQUIRRELS (300783.SZ): Terminates H-share Issuance and HKEX Main Board Listing, Operations Unaffected
NewTimeSpace News: On 29 August 2026, Three Squirrels Inc. (stock code: 300783.SZ) announced that its Board of Directors had approved the termination of the issuance of H shares and the listing on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).
According to the announcement, the Company held the second meeting of the fourth session of the Board on 27 March 2025 and the annual general meeting for the year 2024 on 21 April 2025, at which resolutions relating to the issuance of H shares and the application for listing on the Main Board of HKEX were approved, with the relevant announcements disclosed on cninfo.com.cn on 28 March 2025 and 21 April 2025 respectively.
Taking into account the market environment and the Company's own development plans, and adhering to the principles of safeguarding shareholder interests and being responsible to shareholders, the Company held the eleventh meeting of the fourth session of the Board on 27 August 2026 and resolved to terminate the issuance of H shares and the listing on the Main Board of HKEX. The termination falls within the scope of authority delegated by the shareholders' meeting to the Board for full handling and does not require consideration by the shareholders' meeting.
The Company stated that its operations are currently normal, and the termination of the H-share issuance and listing is a prudent decision made after comprehensive weighing of multiple factors and the actual situation, which will not have a material impact on the Company's business operations and sustainable development, nor will it harm the interests of the Company and all shareholders, especially minority shareholders. Investors are reminded to pay attention to investment risks.
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