Summary by Moomoo AI
New Focus Auto Technology Holdings Limited ("New Focus") announced that the convertible bond offering originally scheduled for June 27, 2024, and the plan to extend the final deadline of the offering agreement to July 17, 2024, have been terminated due to the failure to meet the prerequisites stated in the offering agreement and the supplementary offering agreement by August 6, 2024. The company stated that the termination of this offering has no significant adverse impact on the group's existing business operations and financial position. If the offering had not been terminated, the convertible shares should have been issued under the general authorization granted at the annual general meeting of shareholders on June 28, 2024. The board of directors of New Focus includes Executive Director Tong Fei and Independent Non-Executive Directors Li Qingwen, Huang Bo, and Zhang Kaizhi.