Fujian Funeng's controlling shareholder completes share increase plan

Fujian Funeng Co., Ltd. announced the completion of its share increase plan by controlling shareholder Fujian Funeng Group Co., Ltd. and its concerted parties, including Fujian Funeng Xingye Equity Investment Management Co., Ltd. The plan, initially disclosed on June 26, 2025, aimed to increase holdings by RMB 100 million to RMB 200 million within six months. As of December 25, 2025, the entities acquired 10,963,620 shares, representing 0.40% of the company's total share capital, for a total of RMB 104,412,035.00 (excluding transaction fees).

Fujian Funeng Group Co., Ltd. increased its stake by 8,899,520 shares (0.33% of total share capital), amounting to RMB 84,865,116.00. Fujian Funeng Xingye Equity Investment Management Co., Ltd. acquired 2,064,100 shares (0.07% of total share capital), valued at RMB 19,546,919.00.

Post-completion, the total shareholding of Fujian Funeng Group and its concerted parties stands at 1,564,297,331 shares, representing 56.27% of Fujian Funeng’s total share capital. The company confirmed that the share increase complied with relevant regulations and did not trigger a tender offer or change the actual controller.