BAIC MOTOR (01958): Terminate A-share listing counseling.
Beijing Automotive (01958) has announced that the company has decided to terminate the agreement related to the proposed initial public offering of A shares and listing. Based on the current market environment, capital market rules, and the company's development strategy, after careful consideration and friendly negotiations with the listing counseling agency, both parties have signed a "Termination Agreement of the Counseling Agreement on the Initial Public Offering and Listing of Beijing Automotive Co., Ltd." The company will comprehensively consider its own development needs and market conditions in the future, and plan relevant capital market arrangements in a timely manner.
BAIC MOTOR (01958) announced that it has decided to terminate the agreement regarding the proposed initial public offering and listing of A-shares. This decision is based on the current market environment, capital market regulations, and the company's development strategy. The company will consider its future capital market arrangements in a timely manner based on its own development needs and market conditions.
The Board of Directors believes that the above matter will not have any significant adverse impact on the company's business, operations, and financial condition, and will not affect the overall interests of the company and its shareholders.
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