Zhitong Finance App News, Guanshi Technology (605588.SH) announced that the company held the 13th meeting of the 2nd board of directors and the 10th meeting of the 2nd board of supervisors on March 14, 2024 to separately review and pass the “Proposal on Terminating the Issuance of A-Shares to Specific Targets in 2023 and Withdrawal of Application Documents”.

Since the company disclosed its plan to issue shares to specific targets, the company and relevant intermediaries have actively promoted related work. Now, after taking into account factors such as changes in the external market environment and the actual needs of the company's development, after careful analysis and full communication and verification with intermediaries and other parties, the company decided to apply to the Shanghai Stock Exchange to withdraw the application documents to issue shares to specific targets and list them on the main board. For this “photomask manufacturing project”, the company will continue to invest in advance with its own or self-funded capital according to market conditions and the company's overall development plan.