Wai Gaoqiao parent extends share increase plan

Shanghai Wai Gaoqiao Free Trade Zone United Development announced that its controlling shareholder, Shanghai Wai Gaoqiao Asset Management Co., Ltd., will extend its shareholding increase plan by three months. The original plan, initiated on October 8, 2024, involved increasing the company's A-shares by between CNY 400 million and CNY 800 million. As of July 4, 2025, the shareholder had increased its holdings by 34,289,100 shares, totaling CNY 400,000,182.64. The extension, set to conclude on October 7, 2025, comes in response to the State Council's call to improve the market value management of listed companies controlled by central enterprises and reflects confidence in the company's long-term development. The company noted that the increase plan remains subject to market conditions.