Sinomag Tech: Controller's relative completes shareholding increase

Anhui Sinomag Technology Co., Ltd. (SZSE:300835) announced that Xiong Yongge's relative, Xiong Xiujing, has completed a planned increase in company shares. From December 24, 2024, to February 14, 2025, Xiong Xiujing acquired 51,000 shares through the Shenzhen Stock Exchange trading system, representing 0.0447% of the company's total share capital (excluding repurchased shares). The total transaction value reached 2,015,800 RMB. This move reflects confidence in the company's future and long-term investment value. Prior to this, Xiong Xiujing did not hold any shares in the company. The increase was funded through personal or self-raised funds.