On January 16, Gelonghui Group Holdings (08079.HK) announced that shares will be offered according to the full underwriting basis and a subscription price of HK$0.045 per share. The benchmark is that for every one (1) existing share held on the record date, three (3) shares to be offered were issued. The board of directors announced that due to current market conditions and investor climate, the company and the underwriter agreed to terminate the underwriting agreement with immediate effect. The underwriting agreement is therefore terminated and no further effective, and neither party is liable to the other party for the underwriting agreement. On the date of the announcement, the company did not issue any securities based on a stock offering. The share offering will not take place and the share offering will expire.