Quzhou Development (600208.SH) plans to suspend trading from July 30 to issue shares for the purchase of assets.

According to the Wisdom Finance APP, Quzhou Development (600208.SH) has announced that the company is planning a significant matter involving the company. The company intends to purchase shares of Shenzhen Xian Dao Electronics Technology Co., Ltd. (referred to as "Xian Dao Electric Technology") held by Guangdong Xian Dao Rare Materials Co., Ltd. through the issuance of shares and other methods, and also intends to purchase shares held by other shareholders of Xian Dao Electric Technology and raise funds (referred to as "this transaction"). Currently, this transaction is still in the planning stage and the specific details have not been finalized.