Worldia announced that on August 17, 2026, the company convened the twentieth meeting of its fourth board of directors, at which it approved the termination of its 2026 simplified procedure private share placement. The placement was originally planned to proceed under shareholder authorization, with the number of shares, amount of funds to be raised, and specific uses to be based on the previously disclosed plan, though no specific amount or number of shares had been determined. The placement targets were to be selected through a bidding process and were expected to subscribe in cash. In view of the current changes in the capital market environment and the company's actual circumstances, after careful study and full communication, the company decided to terminate the placement. The matter has been approved by the board of directors and relevant special committees and does not require submission to a shareholders' meeting for approval. The company stated that the termination will not have an adverse impact on its production, operations, or business development, nor will it harm the interests of the company or its minority shareholders.
Beijing Worldia Diamond Tools Co LtdTermination of planned private placement due to market conditions; no adverse impact stated.