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Xunzhong Communications (02597): Termination of the application for public issuance of shares and delisting from the Beijing Stock Exchange’s tutoring and filing process.
Xunzhong Communication (02597) announced that the company signed a 'Tutoring Agreement for the Public Offering of Shares to Unspecified Qualified Investors and Listing on the Beijing Stock Exchange by Beijing Xunzhong Communication Technology Co., Ltd.' with Industrial Securities Co., Ltd. on July 20, 2023. The company also submitted application materials for tutoring registration and proposed listing to the Beijing Regulatory Bureau of the China Securities Regulatory Commission. The Beijing Regulatory Bureau accepted the company's submitted tutoring and proposed listing registration application, with Industrial Securities Co., Ltd. serving as the tutoring institution.
Xunzhong Communications (02597) intends to terminate its application for a public offering of shares to unspecified qualified investors and its listing on the Beijing Stock Exchange.
Xunzhong Communications (02597) announced that Beijing Xunzhong Communications Technology Co., Ltd. (hereinafter referred to as the “Company”) held the 26th meeting of the third board of directors on May 9, 2023, and the second extraordinary shareholders’ meeting on May 25, 2023, which reviewed and approved the proposal regarding the Company’s application for public issuance of shares and listing on the Beijing Stock Exchange. Based on the current status of the Company’s actual business operations and future strategic development considerations, after careful research and prudent decision-making, the Company has decided to terminate its application for public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange.
Xunzhong Communication (02597) has appointed Chen Zaixiong as the financial officer.
Xunzhong Communication (02597) announced that, in accordance with the relevant provisions of the Company Law and the Articles of Association, the company held the 18th meeting of the fourth board of directors on February 6, 2026, during which it reviewed and approved the proposal to appoint Mr. Chen Zaixiong as the company's financial director and board secretary.
Following the 'roller-coaster' ride in stock prices, Cornerstone Shares is about to lift its lock-up period. Can Xunzhong Telecommunications (02597) deliver on its new valuation anchor?
Whether it can continue to deliver on a new narrative will become the core anchor for Xunzhong Communications to reshape its value positioning in the capital market.
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Xunzhong Communications (02597) plans to subscribe to the additional registered capital of 2.1 million yuan issued by Kexing Zhiyun using its proprietary 5G communication middleware digital platform software.
Xunzhong Communications (02597) announced that the company, Jiangxi Kexing Zhiyun Information Technology Co., Ltd. (hereinafter referred to as "Kexing Zhiyun" or "Target Company"), and its individual shareholders signed the "Capital Increase Agreement" in Beijing on December 23, 2025. Both parties agreed to form a deep strategic partnership to jointly develop the urban digital operation services market. The company, through capital increase, evaluated its proprietary 5G communication middleware digital base software platform at 2.1 million yuan to subscribe for 2.1 million yuan of newly increased registered capital in Kexing Zhiyun. After the completion of the investment, the company will hold 15.00% of the equity in the target company.
