Chengdi Xiangjiang has made an announcement stating that its board of directors has given the green light to halt the 2024 initiative aimed at privately placing A-share stocks among selected entities. Furthermore, a termination pact has been inked with the prospective buyer, China Energy Engineering (Beijing) Intelligent Computing Power Technology Co., Ltd. Owing to the swift and dynamic shifts in the present-day capital market landscape, the fundamental business terms underpinning this stock issuance have witnessed considerable alterations. Following comprehensive discussions among all stakeholders, the decision was reached to abort the stock issuance. This cancellation will not impede the ongoing business collaboration between the two entities within the AIDC (Artificial Intelligence Data Center) domain, nor will it exert a substantial negative influence on the day-to-day operational activities of Chengdi Xiangjiang.