Summary by Futu AI
China Jinmao Holdings Group Limited ("China Jinmao") released a voluntary announcement on June 28, 2024, updating the progress of the shareholding plan of its controlling shareholder, Sinochem Hong Kong (Group) Co., Ltd. ("Sinochem Hong Kong"). Since the shareholding plan announced on March 1 and April 9, Sinochem Hong Kong has accumulated 176,840,000 shares of China Jinmao common stock. During the period from April 10 to the announcement date, Sinochem Hong Kong further purchased 159,340,000 shares to demonstrate its confidence in the future development of China Jinmao and its recognition of the long-term investment value of its stocks. At present, Sinochem Hong Kong holds 5,183,735,902 shares of China Jinmao common stock, accounting for 38.40% of the total issued shares. Sinochem Hong Kong promises that its shareholding actions will not trigger the mandatory tender offer obligation under the rules of acquisition and merger of the company. China Jinmao confirms that the company did not participate in this share purchase or provide financial support for the shareholding plan.