Xinke Materials: Termination of the Company's 2026 Annual Issuance of A-shares to Specific Objects and Withdrawal of Application Documents
XinKe Materials has decided to terminate its plan to issue A-shares to specific investors for the 2026 fiscal year. The company cited changes in the market environment and its own future development plans as reasons for withdrawing the application. This decision was made after careful consideration to protect the interests of all shareholders. Separately, a new company, Anhui Xingshiqi Technology Co., Ltd., has been established with a focus on intelligent and industrial robot sales and research, wholly owned by a subsidiary of Xingshiqi Unmanned Vehicle. AI
IMPACT Minimal direct impact on AI operators; the establishment of a new robotics company may contribute to future AI applications.