[ET Net News Agency, 11 September 2018] China Huarong Asset Management (02799) said in
light of the reasons that the company recorded a prominent decrease in the interim results
of 2018 as compared with that of the corresponding period of the last year, while the
former chairman of the company is currently under disciplinary review and supervision
investigations by relevant authorities, and there is uncertainty as to the impact of such
matters on the review of the company's A share offering.
After careful studies and discussion with the professional parties and as considered and
approved by the board in the board meeting held on 10 September, the company decided to
withdraw the application for the A share offering. (SC)