Zhongguo Jinmao (00817) announced progress on its controlling shareholder's shareholding plan. To demonstrate confidence in the company's future development and recognition of its long-term investment value, China National Chemical Corporation Hong Kong will purchase 159.34 million shares of the company's common stock on the Hong Kong Stock Exchange between April 10, 2024 and the date of this announcement using its own funds. Since the announcement of its shareholding plan, China National Chemical Corporation Hong Kong has already purchased 176.84 million shares of the company's common stock.

As of the date of this announcement, China National Chemical Corporation Hong Kong beneficially owns approximately 5.184 billion ordinary shares of the Company, representing approximately 38.40% of the Company's issued share capital. According to the notice, China National Chemical Corporation Hong Kong will ensure that the implementation of the shareholding plan will not trigger the mandatory offer obligation under Rule 26.1 of the Takeovers Code in respect of the Company by China National Chemical Corporation Hong Kong and/or persons acting in concert with it. The Company still maintains a sufficient level of public shareholding.