Zhongwen Zaixian (中文在线) ends 2026 plan to issue A shares to specific parties
In short
Zhongwen Zaixian (中文在线) said its board approved a proposal on 8 October 2026 to terminate its 2026 issuance of A shares to specific parties. The company said it had not yet held a shareholder meeting on the matter or filed application documents with the Shenzhen Stock Exchange. It cited the current market environment and other factors, and said the termination will not have a major adverse effect on its daily production and operations.
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Zhongwen Zaixian (中文在线) said its board of directors held a meeting on 8 October 2026 and approved a proposal to terminate the company's 2026 issuance of A shares to specific parties, CLS and 36Kr reported, citing a company announcement. Yicai also reported the termination. As of the date of the announcement, the company had not yet held a shareholder meeting to consider the related proposals and had not submitted application documents to the Shenzhen Stock Exchange, according to the announcement. [ 1 , 2 , 3 ]
The company said the termination followed an overall consideration of the current market environment and other factors, and that it will not have a major adverse effect on its daily production and operations. CLS identified the company by its stock code, 300364.SZ. [ 1 , 3 ]
Why it matters
The share issuance plan was ended before it went to a shareholder vote or to the Shenzhen Stock Exchange, according to the company. The company said the decision will not have a major adverse effect on its daily production and operations.
Key facts
- Zhongwen Zaixian (中文在线) is terminating its 2026 issuance of A shares to specific parties. [ 1 , 2 , 3 ]
- The company's board held a meeting on 8 October 2026 and approved the proposal to terminate the issuance. [ 1 , 3 ]
- As of the announcement date, the company had not held a shareholder meeting to consider the related proposals. [ 1 , 3 ]
- The company had not submitted application documents to the Shenzhen Stock Exchange. [ 1 , 3 ]
- The company said it decided after weighing the current market environment and other factors. [ 1 , 3 ]
- The company said the termination will not have a major adverse effect on its daily production and operations. [ 1 , 3 ]
- CLS identified the company by its stock code 300364.SZ. [ 1 ]
Confirmed by several sources
- Zhongwen Zaixian (中文在线) is terminating its 2026 issuance of A shares to specific parties. [ 1 , 2 , 3 ]
- The board approved the termination at a meeting on 8 October 2026. [ 1 , 3 ]
- The company had not held a shareholder meeting on the matter or filed application documents with the Shenzhen Stock Exchange. [ 1 , 3 ]
- The company cited the current market environment and other factors and said there will be no major adverse effect on daily production and operations. [ 1 , 3 ]
Still unclear
- The planned size of the share issuance and the parties it was intended for. None of the reports give these details.
- Which factors other than the market environment led to the decision. The company referred only to the market environment and "other factors" without naming them.