Hi Sun Tech (00818) announced the proposal to spin-off Megvii Technology Co., Ltd. and independently list on the Star Exchange of the Shanghai Stock Exchange. Due to the strategic planning of the spin-off company and the recent capital market environment, the spin-off company decided not to proceed with the proposed listing and has submitted an application to the Shanghai Stock Exchange to withdraw its proposed listing application. On June 24, 2024, the Shanghai Stock Exchange officially approved the spin-off company's request to withdraw its application for listing.
高阳科技(00818)：兆讯恒达科技撤回建议上市申请
Hi Sun Tech (00818): Megvii withdrew the proposed IPO application.
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