KBC terminates the issuance of A-shares to specific targets for the fiscal year 2025
KBC announced the termination of the issuance of A-shares to specific targets for the year 2025. The company stated that since the disclosure of this matter, it has actively promoted related work and strictly followed laws and regulations. After careful analysis and communication, the company decided to terminate the issuance, expecting that future operating cash flow will improve. This termination will not have a significant adverse impact on the company's production, operations, and business development, nor will it harm the interests of shareholders
According to the announcement from KBC (688598.SH), since the company disclosed the issuance of shares to specific targets, the company and intermediary institutions have been actively promoting various tasks and have strictly followed the decision-making procedures and information disclosure obligations in accordance with relevant laws, regulations, and normative documents. The company is actively expanding the application of carbon-based composite materials in transportation, lithium batteries, and other fields, and it is expected that the cash flow generated from operating activities will gradually improve in the second half of 2025. Based on the company's actual operating conditions and future development plans, after careful analysis and full communication and verification with relevant parties, the company has decided to terminate the issuance of shares to specific targets.
Currently, the company's production and operations are normal, and the termination of the issuance of A-shares to specific targets for the year 2025 will not have a significant adverse impact on the company's production, operations, and business development, nor will it harm the interests of the company and all shareholders, especially minority shareholders
