Beijing Compass Technology Development (300803.SZ) terminates the issuance of shares to specific parties for the year 2022 and withdraws the application documents.

Beijing Compass Technology Development (300803.SZ) announced that since the initiation of this private placement of shares, the company's board of directors, management, and relevant intermediaries have been actively advancing preparations. After comprehensive consideration of various factors such as internal and external objective environment, the company's development strategic objectives, and after full communication and careful analysis with relevant parties, the company has decided to terminate this private placement of shares to specific entities and withdraw the related application documents.