On December 18, Gelonghui reported that Jiangbolong (301308.SZ) announced that since the disclosure of the plan for the issuance of Convertible Bonds to unspecified entities, the company's Board of Directors, management team, and Institutions have been actively and orderly promoting various related tasks. After comprehensive consideration of changes in the external environment and the company's Global Strategy development plan, and after prudent analysis and sufficient communication and verification with the Institutions, the company has decided to terminate this issuance of Convertible Bonds.