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china economic net, beijing, september 18th. luchang technology (002813.sz) hit the limit down after opening today. as of press time, it was 22.23 yuan, a drop of 10.00%.

on september 14, luchang technology issued an announcement on the termination of the issuance of shares to purchase assets and raise supporting funds and related transactions and the withdrawal of application documents. luchang technology held the 16th extraordinary meeting of the fourth board of directors on september 13, 2024, and reviewed and approved the "proposal on the termination of the issuance of shares to purchase assets and raise supporting funds and related transactions and withdrawal of application documents" and "proposal on authorizing the company's board of directors to handle the termination of the reorganization related matters"; on the same day, the 22nd meeting of the fourth board of supervisors reviewed the "proposal on the termination of the issuance of shares to purchase assets and raise supporting funds and related transactions and withdrawal of application documents". the listed company intends to terminate the issuance of shares to purchase assets and raise supporting funds and related transactions and withdraw the application documents, and submit to the shareholders' meeting to review the termination of this reorganization and authorize the board of directors to handle related termination matters.

luchang technology plans to issue shares to 27 counterparties including zoomlion heavy industry science & technology co., ltd. (referred to as "zoomlion", 000157.sz), beijing zoomlion industrial investment fund partnership (limited partnership), etc., to purchase 99.5320% of the equity of hunan zoomlion intelligent aerial work machinery co., ltd. held by them, and plans to issue shares to no more than 35 specific objects to raise matching funds.

luchang technology stated that since the launch of this restructuring, the company and relevant parties have actively promoted various aspects of this restructuring and fulfilled the obligation of confidentiality and disclosure of information in accordance with relevant regulations. in view of the fact that the market environment has changed significantly since the planning of this restructuring, in order to effectively safeguard the interests of listed companies and investors, after careful study, the company decided to terminate this restructuring and withdraw the relevant application documents for this restructuring from the shenzhen stock exchange.