Zhitong Financial App News, Oriental Huicai Securities (08001) announced that in view of the failure to meet the conditions of the rights issue, the company and the placing agent agreed to terminate the placing agreement immediately. The termination of the placing Agreement is no longer valid and neither party shall be liable to the other party for the placing Agreement.

As at the date of this announcement, the company did not issue securities under the rights issue. The rights issue will not be carried out and the rights issue will be invalidated.