YUSYS (300674.SZ): terminates H-share issuance and HKEX listing, subject to shareholders' approval

NewTimeSpace News: According to the Shenzhen Stock Exchange, Beijing Yusys Technologies Co., Ltd. ("Yusys", 300674.SZ) announced that at the seventeenth meeting of its fourth board of directors held on October 28, 2026, it approved the proposal to terminate the issuance of H shares and the listing on the Stock Exchange of Hong Kong Limited (HKEX), as well as the proposal to convene the first extraordinary general meeting of 2026.

According to the announcement, the company had earlier approved the H-share issuance and HKEX listing plan at its fourth board meeting on March 31, 2025 and the 2024 annual general meeting on April 21, 2025. The termination is based on comprehensive consideration of the market environment and the company's own development plans, adhering to the principle of protecting shareholders' interests, and was made after prudent discussion. This termination is subject to shareholders' approval.

The company said 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. Investors are advised to be aware of investment risks.