According to Zhitong Finance App News, Weiqiao Textile (02698) and the offender Shandong Weiqiao Textile Technology Co., Ltd. jointly announced that all implementation conditions under the merger agreement have been met on the date of this joint announcement that the offender will absorb and merge the company. As a result, the implementation of the merger has become unconditional and the merger has taken effect.

Immediately after the merger came into effect, the conditional withdrawal of H Shares's listing on the Stock Exchange became unconditional. As a result, the listing status of H Shares on the Stock Exchange will be withdrawn from 4:00 p.m. on March 19, 2024 (Tuesday).