Gelonghui, May 14, 丨 China Long Term (00110.HK) announced that on May 14, 2024, the board of directors was notified by Subscriber E and Subscriber F that, considering their respective financial circumstances and current market conditions, they were unable to fulfill their respective subscription agreements to subscribe for 2,000,000 subscription shares and 2,000,000 subscribed shares respectively.
After considering the above circumstances, on May 14, 2024, the Company and Subscriber E and Subscriber F each entered into a termination agreement. According to this, Subscriber E, Subscriber F, and the Company all agreed that Subscription Agreement E and Subscription Agreement F shall be terminated respectively, and that all rights, rights, obligations and responsibilities of each party shall cease and end on May 14, 2024, and that no party shall file any claim or claim against the other party regarding any matter arising out of or relating to matters relating to Subscription Agreement E and Subscription Agreement F.