Core Points - The Beijing Stock Exchange has decided to terminate the review of Shandong Canon Technology Co., Ltd.'s application for public stock issuance and listing [1][2] - Canon Technology submitted a request to withdraw its application for public issuance of shares to unspecified qualified investors [2] - The company is engaged in energy-saving and environmental protection heat exchange technology and industrial pipeline safety technology and equipment manufacturing [3] Company Information - As of the signing date of the prospectus, the controlling shareholder of Canon Technology is Yang Liyong, who holds 32.30% of the shares directly and an additional 0.06% indirectly through a partnership [3] - Yang Liyong, along with Yang Desheng, collectively controls 61.23% of the voting rights in Canon Technology [3] - Canon Technology originally planned to issue up to 29.10 million shares and aimed to raise approximately 24.78 million yuan for various projects [4][5] Project Details - The funds were intended for the following projects: - Intelligent manufacturing project for industrial damping safety systems with an investment of 7.29 million yuan - Manufacturing project for energy-saving and environmental protection heat exchange equipment with an investment of 5.70 million yuan - Research and development center project with an investment of 4.30 million yuan - Supplementing working capital with an investment of 7.50 million yuan [4][5]