Gelonghui, November 4 | Baofeng Energy (600989.SH) announced that since the company decided to launch this refinancing, the company and intermediaries have actively and orderly carried out related work and carried out decision-making procedures and information disclosure obligations in strict accordance with the requirements of relevant laws, regulations and regulatory documents. At present, the project to be built through this fund-raising has been completed through its own and self-funded infrastructure. After comprehensive consideration of factors such as the company's project construction progress and overall development plan, the company decided to terminate the issuance of shares to specific targets in 2023 and withdraw the application documents after comprehensive evaluation by the company and full communication with all parties concerned.