Dazhihui: Stock Exchange Suspension Suspension Triggered by Expired Data in Share Swap Merger Transaction

NightAirdropper · 2026-03-15T16:31:14+00:00

DaZhihui announced that due to the expiration of valuation reports in the relevant application documents, the Shanghai Stock Exchange suspended the review of the stock-for-stock merger and acquisition transaction with Xiangcai Holdings. The company is preparing to update the materials and apply to resume the review as soon as possible. The transaction still requires approval from regulatory authorities.

NightAirdropper

2026-03-15 16:31:14

Abstract generation in progress

Gelonghui March 15 — Great Wisdom announced that the company and Xiangcai Shares are advancing a share swap merger and fundraising transaction. However, the valuation report in the application documents, which is valid until March 14, 2026, has expired. Additionally, the most recent audited financial statements are as of June 30, 2025, and the related financial data will expire on March 31, 2026. Currently, data update work is underway, and the Shanghai Stock Exchange has suspended review of this transaction. This suspension will not have a significant adverse impact. The company will promptly submit updated materials and apply to resume review. The transaction still requires approval from the Shanghai Stock Exchange and registration approval from the China Securities Regulatory Commission, and there is uncertainty involved.

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