Gelonghui (002286.SZ) announced on November 17|Bowlingbao (002286.SZ) announced that due to changes in the internal and external objective environment and market environment, the erythritol project of the company's proposed fund-raising project has been completed with the company's own capital. Affected by changes in market conditions, the company has adjusted the production capacity of erythritol and transferred part of the production capacity to other high-margin products; taking into account changes in the market environment, reducing investment risks, and improving the efficiency of the use of existing assets, etc., the implementation method of the “annual production of 30,000 tons of alloketone sugar (dry base) project” has also been adjusted. transformation, Reduce the amount of additional investment and use installments to achieve the above production capacity to meet market demand.

Taking into account many factors such as the actual situation of the company, changes in the market environment, and development plans, etc., the company's board of directors, management and relevant parties, and careful argumentation analysis, the non-public stock offering was not implemented during the approval period. The China Securities Regulatory Commission's approval of the company's current non-public offering of shares expires automatically. In accordance with the authorization of the company's shareholders' meeting, the company signed relevant termination agreements with intermediaries and subscribers.

At present, the company's various businesses are operating normally, and its own capital is plentiful. The expiration of this non-public stock offering approval will not have a significant impact on the company's normal operations and continued stable development, nor will it harm the interests of the company and all shareholders, especially the small and medium shareholders.