Guangzhou Development's controlling shareholder completes share increase

Guangzhou Development Group Inc. announced that its controlling shareholder, Guangzhou Industrial Investment Holding Group (广州产投), and its aligned entity, Guangzhou Industrial Investment Private Equity Fund Management Co., Ltd., have concluded their share increase plan. Between January 3, 2025, and July 2, 2025, they collectively increased their holdings by 20,547,374 shares, representing 0.59% of the company's total share capital, through centralized bidding on the Shanghai Stock Exchange. The total increase amounted to CNY 126,888,600, excluding transaction costs. Before this share increase, Guangzhou Industrial Investment Holding Group directly held 2,019,111,863 A shares, accounting for 57.59% of the company's total share capital.