Tongkun group shareholder Leixin industrial boosts stake

Zhejiang Leixin Industrial Co., Ltd. (Leixin Industrial), a major shareholder of Tongkun Group Co., Ltd., has announced the successful completion of its share increase plan. From April 24, 2025, to November 25, 2025, Leixin Industrial acquired 25,216,708 additional A-shares through concentrated bidding on the Shanghai Stock Exchange, representing 1.05% of the company's total share capital.

The total amount invested was RMB 278,662,400 (excluding transaction fees), meeting the minimum target of RMB 250,000,000 set for the plan. Prior to this, Leixin Industrial held 147,703,473 shares, or 6.14% of Tongkun Group's total share capital.

Following the completion of the plan, Leixin Industrial and its consistent action parties now collectively hold 969,683,931 shares, representing 40.32% of Tongkun Group. This transaction did not trigger a tender offer and did not alter the company's controlling shareholder or actual controller.