PNC(SH:603690) Shang Hai Zheng Quan Bao·2025-11-18 19:05Core Viewpoint - Shanghai Zhichun Clean System Technology Co., Ltd. has terminated the issuance of shares for asset acquisition and related fundraising, ensuring that stock trading during the self-examination period did not involve insider trading [2][9]. Group 1: Termination of Asset Acquisition - The company held a board meeting on October 30, 2025, where it approved the termination of the issuance of shares for asset acquisition and related fundraising [2]. - The termination announcement was disclosed on October 31, 2025, on the Shanghai Stock Exchange [2]. Group 2: Self-Examination of Stock Trading - The self-examination period for insider information trading was from February 28, 2025, to October 30, 2025 [3]. - The scope of the self-examination included the company, its directors, supervisors, senior management, transaction parties, and other related personnel [2]. Group 3: Stock Buyback - During the self-examination period, the company repurchased its shares using a special loan and its own funds, with a total repurchase amount between RMB 80 million and RMB 160 million [4][5]. - The repurchase price was capped at RMB 33.65 per share, and the shares would be used for employee stock ownership plans or equity incentives [4]. Group 4: Trading by Insiders - Four individuals, including the controlling shareholder Jiang Yuan and his associate Lu Longying, engaged in stock trading during the self-examination period, with their actions being unrelated to the asset acquisition [5][8]. - Jiang Yuan and Lu Longying provided declarations confirming that their stock trading was based on personal financial needs and did not involve insider information [5][6]. - Other employees and their family members also confirmed that their trading decisions were based on public information and independent judgment [8]. Group 5: Conclusion of Self-Examination - The self-examination concluded that the stock trading activities by the relevant parties did not constitute insider trading, as all declarations were found to be true, accurate, and complete [9].