Jinggu Forestry aborts A-share issuance, changes board secretary

Yunnan Jinggu Forestry (SSE: 600265) has terminated its plan to issue A-shares to specific targets and withdrawn its application with the Shanghai Stock Exchange, according to a company announcement. Citing changes in market conditions and its own development plans, the company stated the decision, made after discussions with relevant parties, will not have a significant impact on its operations or stakeholders. The decision was approved at the 9th Board of Directors meeting on February 27, 2025, with related directors abstaining from the vote. The independent directors approved the measure after concluding it would not harm the interests of shareholders. In a separate announcement, Jinggu Forestry has appointed Xiang Liangbao as its new board secretary, replacing Wen Jing who resigned due to work adjustments. The appointments were approved at the same board meeting.