---
title: "LSGC: Termination of the private placement matter and withdrawal of application documents"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/248144994.md"
description: "LSGC announced that the company held a board of directors and supervisory board meeting on July 11, 2025, where it approved the proposal to terminate the issuance of shares to specific objects and withdraw the application documents. The company originally planned to issue A-shares to its controlling shareholder, Zhejiang Yuanming Holdings Co., Ltd., but decided to terminate the issuance due to the impending expiration of the validity period of the shareholders' meeting resolution and the failure of the extension proposal to be approved by the shareholders' meeting. The termination of this matter will not have a significant adverse impact on the company's normal business operations"
datetime: "2025-07-11T10:19:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/248144994.md)
  - [en](https://longbridge.com/en/news/248144994.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/248144994.md)
---

# LSGC: Termination of the private placement matter and withdrawal of application documents

LSGC announced that the company held a board of directors and supervisory board meeting on July 11, 2025, where it approved the proposal to terminate the issuance of shares to specific objects and withdraw the application documents. The company originally planned to issue A-shares to its controlling shareholder, Zhejiang Yuanming Holdings Co., Ltd., but decided to terminate the issuance due to the impending expiration of the shareholders' meeting resolution and the failure of the extension proposal to be approved by the shareholders' meeting. The termination of this matter will not have a significant adverse impact on the company's normal business operations

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