Metro Land Corporation announced that on December 31, 2024, it will hold the seventh meeting of the twelfth Board of Directors and the fifth meeting of the twelfth Supervisory Board, where the proposal regarding the termination of the company's issuance of Stocks to specific objects for the year 2023 was approved, agreeing to terminate the issuance of A-shares to specific objects for the year 2023. The company stated that since announcing the stock issuance plan, the Board of Directors and management have been actively promoting various tasks. However, due to changes in internal and external environments and other factors, and considering the capital market environment and the company's actual situation comprehensively, in order to thoroughly and effectively protect the interests of all Shareholders, the Board of Directors decided to terminate the matter after prudently analyzing it. The company is currently conducting all business activities normally, and the termination of this matter will not significantly adversely affect the company's normal operations and stable development.