New Focus (00360.HK): Decides not to proceed with the proposed increase in authorized share capital.

Zhitong Finance APP news, New Focus (00360.HK) issued an announcement. After considering the current market situation, the board of directors has decided not to propose an increase in the authorized share capital at the current stage. The matter will be reconsidered when the company needs to raise capital through stock issuance. Therefore, the resolution to increase the authorized share capital will not be submitted to the shareholders' annual general meeting for consideration. The increase in authorized share capital will depend on the market conditions and strategic opportunities at the time, and will be submitted to the shareholders for consideration at the appropriate time, providing financial flexibility for the development of the group and serving the overall interests of the company and shareholders.