Lakala Payment Co., Ltd. has officially scrapped its planned H-share offering on the Hong Kong Stock Exchange, attributing the decision to evolving market dynamics and internal strategic adjustments.

The company disclosed that its fourth board of directors' seventh meeting, held on August 8, 2025, alongside the first extraordinary shareholders' meeting convened on September 19, 2025, had initially greenlit the proposal for issuing H-shares and pursuing a main board listing in Hong Kong. These resolutions also authorized the board to handle all related matters for the overseas offering.

However, citing a combination of market shifts and revised corporate planning, Lakala convened its eighteenth board meeting on August 25, 2026. Following extensive consultations and a thorough evaluation, the board passed a new resolution to terminate the H-share issuance and abandon the Hong Kong listing endeavor.

This termination falls squarely within the authority delegated by shareholders to the board, meaning no additional shareholder vote is necessary to finalize the move.

Addressing the potential fallout, Lakala emphasized that its operations remain steady and well-managed. The company asserted that discontinuing the H-share listing will not materially impact its business activities or long-term growth trajectory, nor will it undermine the interests of the company or its shareholders, particularly minority investors. Lakala also urged investors to remain vigilant about potential investment risks moving forward.