On October 23, Weifu High-Technology Group announced a plan for its controlling shareholder to increase its shares and obtain loan support for the increase. Its controlling shareholder, Wuxi Industrial Group, has obtained approval for a special loan quota for stock increases from China Citic Bank Corporation's Wuxi Branch and signed a 'Cooperation Agreement' with it. China Citic Bank Corporation provides financing support for Wuxi Industrial Group to increase the company's shares, marking the first official use of loan funds for shareholding businesses in Wuxi since the People's Bank of China established the special loan tool for share buyback increases. It is reported that this loan is also the first batch of special loans for increasing state owned enterprise stocks in the country, and also the first batch in Jiangsu Province specifically used for increasing holdings in listed companies. (Wuxi Financial Release)