AOKANG International (603001.SH) terminated additional acquisitions and resumed trading with the opening of the market on January 8

Zhitong Finance App News, Aokang International (603001.SH) announced that on December 24, 2024, the company disclosed the “Suspension Notice Concerning Planning to Issue Shares to Purchase Assets” (Notice No. 2024-057). The company plans to purchase shares of Lianhe Storage Technology (Jiangsu) Co., Ltd. by issuing shares and/or paying cash (“this transaction” for short). Up to now, the parties to the transaction have not reached a final substantive agreement on the specific plan or terms of the transaction. Since the transaction intention was established with the counterparty, the company organized the parties to advance the transaction. However, after many rounds of negotiations and negotiations on the transaction plan, the parties to the transaction failed to agree on the final terms of the transaction. From the perspective of safeguarding the interests of all shareholders, after careful consideration, the company decided to stop planning the current issuance of shares to purchase assets.

The issue of purchasing assets is still in the planning stage. The parties to the transaction have not reached a final substantive agreement on the specific plan or transaction conditions, and the parties to the transaction are not liable for breach of contract for terminating the purchase of assets in this issue. The termination of plans to purchase assets through this issuance of shares will not affect the normal operation and development of the company. Following the company's application to the Shanghai Stock Exchange, trading of the company's shares will resume with the opening of the market on January 8, 2025 (Wednesday).