Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) terminate the spin off of the holding subsidiary to the gem

Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) it was announced that the company originally planned to spin off its holding subsidiary Suzhou Aifu Electronic Communication Co., Ltd. (hereinafter referred to as “Aifu Electronics”) to be listed on the gem of Shenzhen Stock Exchange. As the construction progress of 5g base station is lower than expected, the market competition is intensified, and the customers and products of Aifu electronics are relatively concentrated, resulting in its business performance not meeting expectations. After full and careful research, the company believes that the conditions for continuing to promote the spin off and listing of Aifu electronics are not mature at this stage, and decides to terminate this spin off and listing.