Fujian Fuhuang Steel Structure: Termination of Issuance of Shares, Payment of Cash to Purchase Assets, and Fundraising for Supporting Funds.
Announcement from Fuhuang Steel Structure: The company held the 18th meeting of the 7th Board of Directors and the 14th meeting of the 7th Supervisory Board on June 19, 2025, and approved the proposal "Regarding the Termination of Issuing Shares, Payment of Cash to Purchase Assets, and Fundraising for Related Party Transactions". The company agreed to terminate the issuance of shares, payment of cash to purchase assets, and fundraising for related party transactions. The company suspended trading on December 6, 2024, in order to plan the purchase of assets through issuance of shares and raise funds. During the suspension, the company made one announcement on the progress of the suspension in accordance with relevant laws and regulations. On May 26, 2025, the company held the 17th meeting of the 7th Board of Directors and the 13th meeting of the 7th Supervisory Board, and approved the proposal "Regarding Summary" and other related proposals to this transaction. The termination of this transaction does not involve the company or related parties bearing any breach of contract responsibility, will not have a significant adverse impact on the company's existing production and operation activities, and does not harm the interests of the company and minority shareholders.
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