Jiangsu Eastern Shenghong: The concerted action of the controlling Shareholder intends to increase its Shareholding in the company by 0.5 billion to -1 billion yuan.

Jiangsu Eastern Shenghong announced that its controlling shareholder, Jiangsu Shenghong Technology Co., Ltd., consistent actor Shenghong (Suzhou) Group Co., Ltd., plans to increase its shareholding in the company's A-shares through centralized bidding on the Shenzhen Stock Exchange within six months from the date of the announcement, with an increase amount of no less than 0.5 billion yuan and no more than 1 billion yuan. As of the date of the announcement, Shenghong Suzhou holds 6.08% of the company’s shares. This shareholding plan does not set a price Range, and the increasing entity will determine the timing of the implementation based on the company’s stock price fluctuations and overall trends in the Capital Markets. The funding arrangement for the shareholding plan is a combination of self-owned funds and special loans, with the special loan amount not exceeding 0.9 billion yuan.