Zongheng Co., Ltd. (688070.SH) has terminated the issuance of A-shares to specific entities for the fiscal year 2025 and has withdrawn the application documents.

Zhihong Finance APP reported that Zongheng Co., Ltd. (688070.SH) announced that since the company disclosed its plan to issue A-shares to specific targets for the year 2025, the company's board of directors, management, and intermediaries have actively promoted various tasks related to the issuance of A-shares to specific targets for 2025. Due to business development needs, the company's wholly-owned subsidiary Chengdu Zongheng Dapeng Drone Technology Co., Ltd. has recently completed relevant approval procedures and obtained special permits related to specific fields. According to relevant management regulations, after obtaining the necessary qualifications, Zongheng Co., Ltd. must follow military industrial review procedures for post-listing capital operations. After thorough communication and careful demonstration with the relevant parties, the company has decided to terminate the issuance of A-shares to specific targets.