Controlling shareholder plans up to RMB200m investment in Zhejiang Haikong

Hainan Haikong Industrial Investment Co., Ltd. (Haikong Haikong), the controlling shareholder of Zhejiang Haikong Nankehua Iron Digital Technology Co., Ltd., announced a plan to increase its shareholding in the company. This initiative aims to enhance investor confidence and stabilize share price.

Haikong Haikong intends to invest between RMB100 million and RMB200 million using its own and self-raised funds. The share increase will occur over a six-month period, from October 14, 2025, to April 13, 2026, through transactions on the Shanghai Stock Exchange, including concentrated bidding and block trading.

This move involves an increase in A-share unrestricted circulating shares. Haikong Haikong currently holds 275,134,136 shares, representing 13.78% of the total share capital. The company assured that this plan will not alter the controlling shareholder or actual controller structure.