Boway Alloy's controlling shareholder boosts stake above 50% target

Ningbo Boway Alloy Material Co., Ltd. (SSE:601137) announced that its controlling shareholder, Boway Group, has made significant progress in its shareholding increase plan. As of February 28, 2025, Boway Group increased its stake by 3,968,500 shares through the Shanghai Stock Exchange's trading system, representing approximately 0.49% of the company's current total share capital. The total transaction value reached RMB 78,883,929.00 (excluding transaction costs), exceeding 50% of the minimum planned investment range. Boway Group will continue to boost its shareholding as per the existing plan. Boway Group's total stake in Boway Alloy now stands at 28.26%.