On November 22, China Jushi Co., Ltd announced that the second largest shareholder, Zhenstone Holdings Group Co., Ltd. (hereinafter referred to as "Zhenstone Group"), intends to increase its shareholding in the company. The implementation period of this shareholding increase plan is 12 months from the date of the announcement, with no price range set for the increase, and the total amount of increase not less than 0.5 billion yuan and not exceeding 1 billion yuan. Recently, the Tongxiang Branch of the agricultural bank of china issued a "Loan Commitment Letter" to Zhenstone Group, agreeing to provide special loan support for Zhenstone Group's increase in A-share holdings of the company, with a maximum loan amount not exceeding 0.7 billion yuan, and the commitment letter is valid for one year from the date of issuance. Apart from the above loan, the remaining funds for this A-share shareholding increase will come from Zhenstone Group's own funds. Before the implementation of this increase plan, Zhenstone Group held 624,225,514 shares of the company, accounting for 15.59% of the company's total share capital.