Gelonghui, March 14, 丨 Jinshi Capital Group (01160.HK) announced that due to failure to reach the terms of the share offering, the company and the placement agent mutually agreed to terminate the placement agreement, which took effect immediately. As a result, the placement agreement has been terminated and no longer valid, and neither party is liable to the other party for the placement agreement.

On the date of this announcement, the Company did not issue any securities based on the share offering. The share offering will not take place and the share offering will expire.