WX TECH: Termination of the issuance of convertible corporate bonds to unspecified objects

On September 26th, WX TECH announced that the situation of its South China production base has changed significantly compared to the disclosed plan. Considering the subsequent capital costs and in conjunction with its actual situation, the company has decided to terminate the issuance of convertible corporate bonds to unspecified objects. At the same time, the company plans to terminate the "New Micro Lithium-Ion Battery and Precision Component Production Project" and will permanently supplement the remaining raised funds into working capital, as the existing production capacity can meet customer development and production needs within a certain period