Zhitong Finance App News, Shuanghuan Drive (002472.SZ) issued an announcement. The company's board of directors reviewed and passed the bill, agreeing to terminate the spin-off of its subsidiary Zhejiang Huandong Robot Joint Technology Co., Ltd. (“Huandong Technology”) to the Shanghai Stock Exchange Science and Technology Innovation Board and withdraw the relevant listing application documents. The bill still needs to be submitted to the company's 2nd Extraordinary Shareholders' Meeting in 2026 for review. The reason for the termination was due to major changes in the current market environment compared to the beginning of the planning process. In order to coordinate the arrangement of Huandong Technology's business development and capital operation plans, the termination was decided after full communication and careful verification with all parties concerned.

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