On August 10, Kailong Hi-Tech said at an investor briefing on terminating the issuance of shares and paying cash to purchase assets and raise supporting capital and related transactions, that after the termination of this acquisition, the company will continue to advance in accordance with the established smart business development plan. At present, the company's smart sector has received some orders in hand. In the future, the company will rationally coordinate and continue to promote R&D investment in accordance with the strategic development plan to ensure that R&D work is carried out in an orderly manner. Kailong Hi-Tech previously announced that the company stopped purchasing 70% of Shenzhen Jinwangda Electromechanical Co., Ltd.'s shares and raising supporting capital by issuing shares and paying cash.

On August 10, Kailong Hi-Tech said at an investor briefing on terminating the issuance of shares and paying cash to purchase assets and raise supporting capital and related transactions, that after the termination of this acquisition, the company will continue to advance in accordance with the established smart business development plan. At present, the company's smart sector has received some orders in hand. In the future, the company will rationally coordinate and continue to promote R&D investment in accordance with the strategic development plan to ensure that R&D work is carried out in an orderly manner. Kailong Hi-Tech previously announced that the company stopped purchasing 70% of Shenzhen Jinwangda Electromechanical Co., Ltd.'s shares and raising supporting capital by issuing shares and paying cash.