Termination of major planning, Dechang Co., Ltd. resumes trading on April 2nd

Beijing Business Daily News (Reporter Wang Manlei) On the evening of April 1, Dexiang Shares (605555) disclosed an announcement stating that, due to the controlling shareholder and actual controller terminating the planning of a material matter, the company’s A-share stock will resume trading as of April 2.

The announcement shows that on the night of March 26, Dexiang Shares received a notice from its controlling shareholder and actual controller stating that Huang Yuchang, Zhang Liying, Huang Shi, and their related parties are planning a major matter involving a partial transfer of the company shares they hold. This matter may lead to a change in the company’s actual controller. The company’s stock has been suspended from trading since March 27, and the originally expected suspension period was no more than 5 trading days.

Dexiang Shares said that, as the matters involved were numerous, the two sides were unable to reach agreement on certain core terms. After seriously listening to the views of all parties and reaching consensus through consultations with the counterparty, the trading parties decided to terminate the planning of this material matter. The company’s current business operations are normal, and terminating the planning of this material matter will not have a significant negative impact on the company’s operating performance and financial position.