Xiaoxiao Technology withdraws NASDAQ IPO application: performance declined in the first half of last year

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Recently, the Beijing Stock Exchange disclosed the “Decision to Terminate the Review of the Public Offering of Shares and Listing Application of Anhui Xiaoxiao Technology Co., Ltd.” due to Xiaoxiao Technology submitting an application to the Beijing Stock Exchange to withdraw its application for the public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange. The Beijing Stock Exchange has decided to terminate the review of its public share offering and listing. Xiaoxiao Technology originally planned to publicly issue no more than 9.8 million shares to unspecified qualified investors, raising 220 million yuan, to be used for the intelligent manufacturing industrialization project of automotive precision components and the construction of the R&D center. (The Paper)

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