Summary by Futu AI
Kingkey Fin Int (Holdings) Limited ("the Company") announces that due to market conditions, it has entered into a termination agreement with the placement agent on July 29, 2024, cancelling the new share placement plan previously implemented under special authorization. This termination agreement ensures that all the rights, obligations, and responsibilities of both parties will come to an end and will not be able to make any claims with respect to the placement, unless there has been a violation of the placement agreement. The board of directors stated that this termination will not have a significant adverse effect on the company's existing business, operations, and financial condition and may consider further fundraising activities in the future. The company will comply with the listing rules and timely notify the market of any relevant developments in the form of announcements. Shareholders and potential investors should exercise caution.