Sokan New Materials Group (688157.SH): Terminates issuance of convertible bonds and withdraws application documents.

Sokan New Materials Group (688157.SH) announced that since the disclosure of the convertible corporate bond issuance plan to unspecified investors, the company and intermediary institutions have been actively and orderly proceeding with various aspects of this issuance. Due to significant changes in the capital market environment, after thorough communication and careful evaluation with relevant parties, the company has decided to terminate the issuance of convertible corporate bonds to unspecified investors and withdraw the application documents.