Business
Announcement on Termination of the Plan for a Change in Control and Trading Resumption
Announcement on Termination of the Plan for a Change in Control and Trading Resumption
About this update from Zhejiang Grandwall Electric Science & Technology Co., Ltd. Class A
(603897“Zhejiang Grandwall Electric Science & Technology Co., Ltd.”Announcement on Termination of the Plan for a Change in Control and Trading Resumption)During the trading suspension, the actual controller of Zhejiang Grandwall Electric Science & Technology Co., Ltd. conducted thorough discussions regarding the planned change of control. However, due to the complexity of the matters involved, the parties did not reach an agreement on the core issues. After careful consideration, both parties decided to terminate the planning of this major transaction. In accordance with relevant regulations and upon application to the Shanghai Stock Exchange, the company's shares will resume trading from the market opening on the morning of November 10, 2025.The abstract is for reference only. Please refer to the full text of the announcement on the very day.Link of Full Text for Reference: View Attachment