CANSINOBIO's major controlling shareholders, actual controllers and their concerted action persons have completed their plan to increase shareholding in the company's H shares. According to the legal opinion issued by Peking Jing Tian Public Interest Law Firm, this increase complies with the regulations of the "Management Measures for the Acquisition of Listed Companies" and is exempt from the requirement to make an offer.The purchasers include the company's Chairman and General Manager XUEFENG YU, Vice General Manager ZHU TAO, and Executive Director SHOU BAI CHAO. During the shareholding increase period, the three individuals cumulatively acquired 278,000 H shares, accounting for approximately 0.1123% of the company's total equity. After the increase, XUEFENG YU's shareholding ratio rose to 7.2638%, ZHU...Show More

CANSINOBIO's major controlling shareholders, actual controllers and their concerted action persons have completed their plan to increase shareholding in the company's H shares. According to the legal opinion issued by Peking Jing Tian Public Interest Law Firm, this increase complies with the regulations of the "Management Measures for the Acquisition of Listed Companies" and is exempt from the requirement to make an offer.The purchasers include the company's Chairman and General Manager XUEFENG YU, Vice General Manager ZHU TAO, and Executive Director SHOU BAI CHAO. During the shareholding increase period, the three individuals cumulatively acquired 278,000 H shares, accounting for approximately 0.1123% of the company's total equity. After the increase, XUEFENG YU's shareholding ratio rose to 7.2638%, ZHU TAO's to 7.2678%, and SHOU BAI CHAO acquired an additional 0.0275% of shares.Lawyers believe that the purchasers have the qualification to carry out this increase and that the increase behavior complies with relevant laws and regulations. Since the combined shareholding ratio of the company's major shareholders and actual controllers remains above 30%, and this increase does not exceed 2% of the company's total issued shares, it is therefore exempt from making an offer. The company has fulfilled its relevant information disclosure obligations required at this stage regarding this shareholding increase.