Jinbo shares (688598.SH) terminate the issuance of A shares to specific entities in 2025.

Cnstock News APP, Jinbo Co., Ltd. (688598.SH) announced that since the company disclosed the issuance of shares to specific objects, the company and intermediaries have been actively promoting various work and strictly fulfilling the decision-making procedures and information disclosure obligations in accordance with relevant laws, regulations, and normative documents. The company actively expands the application of carbon-based composite materials in transportation, lithium batteries, and other fields. It is expected that the cash flow generated by operating activities in the second half of 2025 will gradually improve. Combined with the actual operation of the company and future development plans, after careful analysis and full communication and argumentation with relevant parties, the company has decided to terminate the issuance of shares to specific objects in this case.