Chengdu Galaxy Magnets extends trading suspension for acquisition

Chengdu Galaxy Magnets Co., Ltd. is planning to acquire a controlling stake in Sichuan Jingdu Longtai Technology Co., Ltd. through a share issuance and cash payment, while also raising supporting funds. The company's shares began a trading suspension on September 15, 2025, and were expected to resume trading by September 29, 2025.

Due to ongoing uncertainties, Chengdu Galaxy Magnets' shares will remain suspended to ensure fair information disclosure, prevent abnormal stock price fluctuations, and protect investors' interests.

During the suspension, the company will undertake necessary approval and review procedures, pushing all parties to advance the related work and submit required documents to the Shenzhen Stock Exchange. Investors are advised to monitor subsequent announcements for updates on transaction uncertainties and potential investment risks.