Wintime Energy (600157.SH) terminates the issue and acquisition of assets, previously halted to plan the issuance of additional shares to defend the 1 yuan price level. Current stock price is 1.61 yuan.

Wintime Energy (600157.SH) announced that on February 7, 2025, the company held the 19th meeting of the 12th Board of Directors, the 10th meeting of the 12th Board of Supervisors, and a special meeting of the independent directors of the 12th Board of Directors. The meetings approved the "Resolution on Termination of Issuance of Shares to Purchase Assets" and the "Resolution on Signing the Termination Agreement for the Issuance of Shares to Purchase Assets", agreeing to terminate the issuance of shares to purchase assets and to sign the related termination agreement with the counterparty. It is reported that on July 25, 2024, the company's stock was suspended due to the planned issuance of shares to purchase assets. On August 7, 2024, the company held the 12th meeting of the Board of Directors, the 7th meeting of the Board of Supervisors, and a special meeting of the independent directors of the 12th Board of Directors to approve relevant proposals regarding the issuance of shares to purchase assets.