Wanxiang Doneed controlling shareholder yet to begin share purchase

Wanxiang Sannong Group Co., Ltd., the controlling shareholder of Wanxiang Doneed, announced a plan to increase its stake in Wanxiang Doneed. The proposed investment, ranging from 25 million yuan to 50 million yuan, was scheduled to occur over 12 months starting May 14, 2025, and not exceed 2% of the company's total share capital.

As of December 13, 2025, the mid-point of the implementation period, Wanxiang Sannong has not yet acquired any shares. The company states this is due to a phased implementation strategy based on overall planning. Wanxiang Sannong will continue to execute the plan using its own funds or dedicated loans.

Wanxiang Doneed cautioned investors about potential risks to the plan's execution, including market fluctuations or unforeseen factors. The company affirmed its commitment to comply with relevant regulations and to continue monitoring and disclosing the progress of the share increase.