Zhunyu Petroleum Terminates Fixed-Price Capital Increase

Beijing Business Daily (Reporter Ma Huanhua, Li Jiaxue) — On the evening of March 11, Zhunyou Co., Ltd. (002207) announced that the company has terminated its private placement of shares and withdrawn the application documents.

Zhunyou Co. stated that after considering the current capital market environment and the company’s overall development plan, the company has decided to terminate this private share issuance and has proactively applied to the Shenzhen Stock Exchange to withdraw the relevant application documents. Currently, the company’s operations are normal, and the termination of this issuance will not have a significant adverse impact on the company’s ongoing production and business activities.

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