Qinghai Salt Lake's controller announces stock increase plan

Qinghai Salt Lake Industry Co., Ltd. [SZSE:000792] announced that its actual controller, China Minmetals Group, intends to increase its holdings of the company's A shares. The planned increase will involve the purchase of at least 211.6629 million shares through the Shenzhen Stock Exchange trading system within the next six months. The share increase plan does not establish a fixed price range, with China Minmetals to make decisions based on its assessment of the company's share value. The move aims to bolster investor confidence and support the company's continued stable development. As of the announcement date, China Minmetals Group directly and indirectly holds 1,338,755,099 shares, representing 25.30% of Qinghai Salt Lake's equity. China Minmetals has committed to not reduce its stake in Qinghai Salt Lake Industry during the implementation of this plan and within legal time constraints.