On February 23, Ge Longhui (300937.SZ) announced that the company held the 20th meeting of the 3rd board of directors and the 13th meeting of the 3rd board of supervisors on February 22, 2024 to review and pass the “Proposal on Termination of Issuance of Shares to Specific Targets and Withdrawal of Application Documents”.

Since the company disclosed its plan to issue shares to specific targets, the company's board of directors, management and relevant intermediaries have been actively promoting various tasks. In view of the current complex and changing market environment and changes in external financing policies, etc., and taking into account many factors such as the company's business development plan and capital operation plan, after thorough communication and careful analysis by all parties concerned, the company decided to stop issuing shares to specific targets and apply to the Shenzhen Stock Exchange to withdraw the relevant application documents. In the future, the company will take the opportunity to restart refinancing matters, taking into account factors such as regulatory policies and regulations, the company's business development, and capital requirements.