Summary by Moomoo AI
CAMDANK SOLAR SYSTEMS GROUP CO., LTD. (“KAMDANK SOLAR”) ANNOUNCES THAT THE SUBSCRIPTION OF 158,341,800 SHARES ORIGINALLY SCHEDULED FOR DECEMBER 31, 2023 HAS NOT BEEN COMPLETED AS SCHEDULED FOR DECEMBER 31, 2023, DUE TO THE ONGOING REMITTANCE OF FUNDS FROM THE SECOND AND THIRD PARTIES. In order to ensure the integrity of the subscription, the Company has decided to extend the closing date to 29 March 2024 after fair consultation with the purchaser. The postponement agreement was reached on December 28, 2023, and may be further extended under bilateral agreements. In addition, the other terms and conditions of the Subscription Agreement remain unchanged. The Company reminds shareholders and potential investors that as the completion of the Subscription remains subject to the pre-requisite conditions under the Subscription Agreement, the subscription is not required. Shareholders and potential investors should treat the purchase and sale of shares with caution.