Beijing Xunzhong Communication Technology Co., Ltd. (Stock Code: 2597) announced the termination of its application for the public offering of shares and the guidance filing for listing on the Beijing Stock Exchange. According to the announcement, the company had previously submitted the application materials for guidance filing to the China Securities Regulatory Commission Beijing Bureau, which had been accepted with Industrial Securities Co., Ltd. acting as the listing guidance institution.

The decision to terminate was reached following the company’s assessment of its actual business operations and future strategic development. The Beijing Bureau of CSRC has confirmed the termination of the application. The board of directors stated that the matter would not have any material adverse impact on the company’s business, operations, and financial condition, nor on the overall interests of the company and its shareholders.

The announcement underscores that the company will continue to evaluate its development needs and market conditions to consider future capital market arrangements as appropriate. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.