HC Group: Beijing Stock Exchange has approved Beijing Zhaoxin's termination of the original application for public offering of shares and listing.

On June 24th, Huicong Group announced on the Hong Kong Stock Exchange that as of the disclosure date, the Beijing Stock Exchange had approved the termination of the original plan to publicly issue shares and apply for listing on the Beijing Stock Exchange by Beijing Zhaoxin. As previously announced, the company believes that the new development expectations will not have a significant adverse effect on the daily business operations of Beijing Zhaoxin.