Zhitong Finance App News, Jinyan Kaolin New Materials (02693) issued an announcement. The company's board of directors issued a resolution on August 27, 2026, based on the overall deployment of the company's business development strategy and capital plan, and considering that the company's domestic shares have relatively limited trading and financing functions in the National SME Share Transfer System Co., Ltd. in recent years, and that the company's H shares have established a long-term capital market platform for overseas investors after listing on December 3, 2025. The company will also comply with the National SME Share Transfer System and the two regulatory and information disclosure systems of the Stock Exchange. the degree of duplication of compliance work and coordination costs;
At the same time, taking into account the impact of the current market environment, in order to improve the company's decision-making and operating efficiency, carry out business efficiently, and control operating costs, the company plans to apply to the National Small and Medium Enterprises Share Transfer System for termination of listing, that is, common shares with a face value of RMB 1.00 per share in the company's share capital, subscribed and paid up in RMB.
After the listing is terminated, the company will continue to focus on its core business, continue to strengthen its management capabilities, improve the market competitiveness of its products and the company's ability to continue operating. While ensuring the steady growth of its main business, the company will effectively protect shareholders' rights and create long-term value for stakeholders.
The termination of the listing only involves the public transfer status of the company's domestic shares in the national SME share transfer system. It will not affect the listing status of the company's H shares on the Stock Exchange. It will not involve major changes in the company's main business, core assets, control, board of directors and senior management, nor will it have a significant adverse impact on the company's financial situation, ability to continue operating, or public shareholding of H shares.
The company confirmed that the New Third Board delisting arrangement was an independent commercial judgment made by the board of directors based on the actual operation of the two platforms, the trading situation of the New Third Board shares, ongoing compliance costs, and shareholders' opinions after the H share listing was completed.
The specific date of termination of listing shall be subject to approval by the National Small and Medium Enterprises Share Transfer System.