Digital China aborts 2024 private placement plan

Digital China Information Service Company [SZSE:000555] announced the termination of its previously planned issuance of shares to specific targets via simplified procedures, initially slated for 2024. The decision, approved by the board and supervisory committee on April 16, 2025, was made considering the current capital market environment, the company's financial position, and its development strategies. The company stated that the termination would not adversely affect the company's existing operations and is in the best interest of all shareholders, including minority shareholders. Originally authorized at the company's 2023 annual general meeting, the private placement had not yet reached the stage of application submission to the Shenzhen Stock Exchange.