Lingyun Industrial's controlling shareholder completes share increase plan

Lingyun Industrial Corporation announced that its controlling shareholder, Northern Lingyun Industrial Group Co. Ltd. (Lingyun Group), has completed its share increase plan as of September 30, 2025. Lingyun Group, along with its concerted parties, cumulatively increased its stake by 6,360,609 shares, accounting for 0.52% of the company's total share capital. The total investment amounted to approximately CNY 80,016,800, reaching the lower end of the planned CNY 80,000,000 to CNY 100,000,000 range.

The share increase activity, conducted via centralized bidding on the Shanghai Stock Exchange, commenced on April 9, 2025, with an initial price cap of CNY 19 per share. Prior to the completion, Lingyun Group and its concerted parties held 43.83% of the company's shares. Following the most recent increase between July 9 and September 30, 2025, their combined shareholding now stands at 44.07%.

According to a legal opinion, Lingyun Group meets the eligibility criteria for implementing the share increase and has fulfilled necessary information disclosure obligations. The increase complies with relevant securities laws and regulations, including not triggering a mandatory tender offer.