Core Viewpoint - Jinbo Co., Ltd. has decided to terminate the plan for issuing A-shares to specific investors for the year 2025, citing a thorough analysis of its operational situation and future development plans [1] Group 1: Termination of A-share Issuance - The decision to terminate the issuance was made during the board and supervisory meetings held on July 18, 2025 [1] - The company has been actively promoting the issuance since its announcement and has complied with all legal and regulatory requirements [1] - The termination will not have a significant adverse impact on the company's operations or business development, nor will it harm the interests of shareholders, especially minority shareholders [1] Group 2: Previous Issuance Plans - The initial plan for the 2025 issuance involved Jinbo Group, the controlling shareholder, subscribing to shares at a price of 18.65 yuan per share, which is 80% of the average trading price over the previous 20 trading days [2] - The total amount to be raised from this issuance was not to exceed 100 million yuan, with the net proceeds intended for working capital [2] - The planned issuance would have involved up to 5,361,930 shares, representing 2.63% of the company's total share capital prior to the issuance [2] Group 3: Shareholding Structure - Prior to the planned issuance, the actual controller, Liao Jiqiao, held 24,481,962 shares, accounting for 11.99% of the total share capital [3] - After the issuance, Liao would have controlled a total of 29,843,892 shares, or 14.24% of the total share capital, indicating no change in the actual control of the company [3] Group 4: Historical Fundraising - Jinbo Co., Ltd. was listed on the Sci-Tech Innovation Board on May 18, 2020, raising a total of 944 million yuan, with a net amount of 865.27 million yuan after expenses [3] - The company had previously issued convertible bonds in 2021, raising 599.90 million yuan, with a net amount of 594.24 million yuan after deducting various fees [4][5] - The total amount raised from the three fundraising activities amounts to 4.647 billion yuan [6]