On June 21st, Gelunhui reported that Chuncheng Heat (01853.HK) has decided to withdraw its application for A-share issuance after careful consideration of the company's development strategy, the current industry environment, and discussions with professionals involved in the A-share issuance. The board of directors has approved the withdrawal of the application. The company has submitted the application for withdrawal to the Shenzhen Stock Exchange and obtained the "Decision on Terminating the Review of the First Public Issuance of Shares of Jilin Province Chuncheng Heat Co., Ltd. and Listing on the Main Board" issued by the Shenzhen Stock Exchange on June 20, 2024.

The board of directors expects that withdrawing the application will not have any significant adverse impact on the group's financial condition and business operations.