Jinyu Bio-Technology's major shareholder plans significant stock buy

Inner Mongolia Jinyu Bio-Technology Holdings, the controlling shareholder of Jinyu Bio-Technology, announced a plan to increase its shareholding in the company. As of the announcement date, Bio-Technology Holdings holds 122,304,000 shares, representing 11.00% of the total share capital.

The increase in shareholding will occur over 12 months from the announcement date through centralized bidding on the Shanghai Stock Exchange. The total investment for this plan will range from not less than 50,000,000 yuan to not more than 100,000,000 yuan. The plan does not set a fixed price or price range for the purchase.

Bio-Technology Holdings, recognizing the company's stable development and long-term investment value, will use its own and self-raised funds for the acquisition. It has committed not to reduce its holdings during the plan's implementation and the subsequent statutory period. This move underscores the shareholder's belief in the company's prospects and aims to boost investor confidence.