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Avit Ltd. (300264.SZ): Plans to terminate the "Construction Project for Ultra HD Video Cloud Platform for 5G Applications (Phase I)" and permanently utilize the remaining raised funds to supplement working capital.
On January 7, 2025, Avit Ltd. (300264.SZ) announced that it held the ninth meeting of the sixth Board of Directors and the eighth meeting of the sixth Supervisory Board, at which the proposal "to terminate the fundraising investment project and permanently supplement the remaining raised funds into working capital" was approved. In light of the current market environment and the implementation progress of the fundraising project aimed at specific targets, in order to improve the efficiency of fund usage, after careful research, it was agreed to terminate the "Ultra HD video cloud platform construction project for 5G applications (Phase 1)" and permanently supplement the remaining raised funds into working capital.
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Avit Ltd. (300264.SZ): Henan broadcasting plans to transfer and restructure debts.
Avit ltd. (300264.SZ) announced on October 23 that, based on the company's good cooperation foundation with Henan Broadcasting- TV Network Co., Ltd. (referred to as "Henan broadcasting" or "Party B") over the years and the future long-term cooperation, while considering the customer's financial situation, both parties, in the spirit of mutual understanding, continuous cooperation, and through full communication, agreed that Henan broadcasting will transfer 12.8 million yuan of the company's total debt to its holding subsidiary Henan Yuwang Digital Technology Co., Ltd. (referred to as "Yuwang Digital" or "Party C"). Yuwang Digital is willing to take over this 12.8 million yuan debt.
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