Zhitong Finance App News, Jinjiang Online (600650.SH) announced that the company recently received the “Letter of Commitment from Shanghai Jinjiang Capital Co., Ltd. not to voluntarily reduce its shareholding in Shanghai Jinjiang Online Network Service Co., Ltd.” issued by the controlling shareholder Shanghai Jinjiang Capital Co., Ltd. (hereinafter referred to as “Jinjiang Capital”).

Based on confidence in the future development prospects of Jinjiang Online and a reasonable judgment on the company's value, in order to promote the company's sustainable, stable and healthy development, support Jinjiang Online's future strategic planning, effectively safeguard the interests of investors, and promote the reasonable return of the company's internal value, Jinjiang Capital promised all investors that within 12 months from March 5, 2024 to March 4, 2025, Jinjiang Capital will not reduce its holdings directly held in the company in any way. During the above commitment period, the increase in shares of this part of the shares due to share transfers, the transfer of shares from the Provident Fund to increase the share capital, allotment of shares, etc. Commitment to reduce holdings. During the above commitment period, if Jinjiang Capital breaches the promise to reduce its holdings of Jinjiang Online shares, all proceeds from reducing its holdings of Jinjiang Online shares will be owned by Jinjiang Online.