SUNWODA (300207.SZ): terminates H-share issuance and HKEX main board listing on market environment and development plans

NewTimeSpace News: According to the Shenzhen Stock Exchange, Sunwoda Electronic Co., Ltd. ("Sunwoda", 300207.SZ) announced that at the third meeting of its seventh board of directors held on October 28, 2026, it approved the proposal to terminate 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 had earlier approved the H-share issuance and HKEX main board listing at its sixth board meeting on July 1, 2025 and the third extraordinary general meeting on July 24, 2025. The termination is based on comprehensive consideration of the market environment, changes in the company and its development plans, adhering to the principle of protecting shareholders' interests, and was made after prudent analysis.

The company said its operations remain normal, and the termination is a prudent decision based on a comprehensive weighing of various factors and the actual situation, which will not have a material impact on its operations and sustainable development, nor harm the interests of the company and all shareholders, especially minority shareholders. The termination falls within the scope authorized by shareholders to the board and does not require shareholders' approval.