Gelonghui Energy (300438.SZ) announced on May 13th that the company holds a 75.92% stake in Foshan Shida Technology Co., Ltd. (referred to as "Shida Technology"). The company originally planned to issue shares to Wu Aishen, Luo Xinyao and Foshan Huafeida Enterprise Management Partnership (limited partnership) to purchase its 12.00%, 9.09% and 2.98% shares respectively.

On May 12, 2022, the company held the 27th meeting of the fourth session of the Board of Directors and the 19th meeting of the fourth session of the Supervisory Committee, examined and adopted the "Resolution on terminating the issuance of shares to purchase assets", agreed that the company terminated the issue of shares to purchase assets, and applied to the Shenzhen Stock Exchange to withdraw the relevant application documents.