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Shuanghuan Drive made an announcement stating that the company had initially set its sights on facilitating the listing of its subsidiary, Huandong Technology, on the Science and Technology Innovation Board, commonly known as the STAR Market. Back on November 25, 2024, Huandong Technology's application for listing was duly accepted. However, following thorough deliberation by the company's board of directors on September 3, 2026, a decision was reached to scrap the plan of spinning off Huandong Technology and listing it on the STAR Market. Consequently, the relevant application documents will be withdrawn. It's important to note that this proposal is still subject to consideration and approval at the second extraordinary general meeting in 2026.
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