On November 22, Gelonghui reported that China Jushi Co., Ltd (600176.SH) announced that on November 22, 2024, the company received notice from its shareholder, Zhongshi Holding Group Co., Ltd. (hereinafter referred to as 'Zhongshi Group'), which holds more than 5% of the company's shares, indicating that Zhongshi Group plans to increase its shareholding in the company. The implementation period for this increase is 12 months from the date of this announcement, with no set price range for the increase, and the total amount of the increase will not be less than 0.5 billion RMB and not exceed 1 billion RMB.

According to the notice issued by the People's Bank of China, the financial regulatory administration, and the China Securities Regulatory Commission regarding the establishment of a share buyback and increase loan program, recently, the Agricultural Bank of China issued a 'Loan Commitment Letter' to Zhongshi Group, agreeing to provide special loan support for Zhongshi Group to increase its A-shares in the company, with a loan amount not exceeding 0.7 billion RMB, and the commitment letter is valid for one year from the date of issuance. Apart from the aforementioned loan, the remaining funds for this A-shares increase will come from Zhongshi Group's own funds.