Jonjee Hi-Tech: Major investor increases stake, now holds 23.10%

Jonjee Hi-Tech Industrial And Commercial Holding has issued an announcement regarding a change in shareholder equity. Its largest shareholder, Zhongshan Torch Group Co., Ltd. (Torch Group), along with its concerted parties, increased its stake in the company.

Following this equity change, the Torch Group and its concerted parties now collectively hold 23.10% of Jonjee Hi-Tech's shares, up from 22.07%. This adjustment is part of a previously disclosed share increase plan by the Torch Group, which aims to acquire additional shares worth no less than RMB 200 million and no more than RMB 400 million between September 1, 2025, and August 30, 2026. The increase in holdings was primarily executed through centralized bidding via the Shanghai Stock Exchange.

The company stated that this change in equity does not trigger a mandatory tender offer and is consistent with the Torch Group's commitment to optimizing capital structure and promoting high-quality development. Jonjee Hi-Tech will continue to monitor the implementation of the share increase plan and fulfill its information disclosure obligations.