Gelonghui, May 28, 丨 Yichang Technology (002420.SZ) announced that the company held the 12th meeting of the 6th board of directors and the 10th meeting of the 6th board of supervisors on May 27, 2024 to review and pass the “Proposal on Termination of Issuance of Shares to Specific Targets in 2022". Since the announcement of the plan to issue shares to specific targets, the company's board of directors, management, and relevant intermediaries have been actively promoting the work of issuing shares to specific targets. Due to changes in the external objective environment and market environment, the company decided to stop issuing shares to specific targets after thorough communication and careful analysis by the company's board of directors, management and relevant parties, taking into account many factors such as the company's actual situation and development plans.