A · Important
[Shuanghuan Transmission: Terminate the spin-off of its subsidiary Huandong Technology Co., Ltd. to be listed on the Science and Technology Innovation Board] On September 3, Shuanghuan Transmission (002472.SZ) announced that the company’s board of directors reviewed and approved the resolution and agreed to terminate the spin-off of its subsidiary Zhejiang Huandong Robot Joint Technology Co., Ltd. to be listed on the Science and Technology Innovation Board and withdrew the relevant listing application documents. The proposal still needs to be submitted to the shareholders' meeting for review. The reason for the termination is that the market environment has changed significantly compared with the initial planning. In order to coordinate the business development and capital operation planning of Huandong Technology, the decision was made to terminate after careful discussion. The company stated that the termination of the spin-off will not have a significant adverse impact on production operations and financial conditions.
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