Zhongju Gaoxin: Torch Group raises stake above 1% threshold

Zhongju Gaoxin's largest shareholder, Zhongshan Torch Group Co., Ltd. (Torch Group), has completed a previously announced share increase plan. This resulted in an increase in the Torch Group and its concert parties' total shareholding in Zhongju Gaoxin from 21.03% to 22.07%, triggering a 1% threshold for equity change.

The increase is part of a plan to inject between RMB200 million and RMB400 million into Zhongju Gaoxin shares through centralized bidding on the Shanghai Stock Exchange, following an announcement on August 30, 2025. This move is intended to optimize the capital structure and promote high-quality development for Zhongju Gaoxin.

The change in equity did not involve a tender offer and is in compliance with relevant laws and regulations. Zhongju Gaoxin will continue to monitor the implementation of the share increase plan and fulfill its information disclosure obligations.