Zhengyang Technology and Colorful New Media's IPO review status at the Shenzhen Stock Exchange has been changed to "terminated (withdrawn)".

According to the Zhixin Finance and Economics APP, on July 19th, the Shenzhen Stock Exchange website showed that the IPO review status of Update Zhengyang Technology and Colorful New Media was updated to "Terminated (Withdrawn)". Due to the company and sponsors withdrawing the application for issuing an IPO, the Shenzhen Stock Exchange has decided to terminate the review for their listing.