(For consistency, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 21 August 2020 in relation to the Proposed Renewal of Share Buy-Back Authority, where applicable, unless stated otherwise or defined herein.)

With reference to the Company’s announcement on 21 August 2020, the Board of Directors of XiDeLang Holdings Ltd wishes to announce that after further considering the current challenging market conditions, the Company proposed to withdraw the intention to seek shareholders’ approval at the forthcoming Eleventh Annual General Meeting for the Proposed Renewal of Share Buy-Back Authority in order to reserve the Company’s assets and/or reserves for the Company’s business operation usage.

This announcement is dated 30 November 2020.

Announcement Info