Jereh's controlling shareholder initiates share increase plan

Yantai Jereh Oilfield Services Group (SZSE:002353) announced that its controlling shareholders, Sun Weijie, Wang Kunxiao, and Liu Zhenfeng, collectively initiated their share increase plan on April 16, 2025. Through centralized bidding via the Shenzhen Stock Exchange, the shareholders purchased 51,700 shares at a total cost of CNY 149.72 thousand. This move is part of a larger plan announced earlier this month, wherein the controlling shareholders intend to increase their holdings by a total value between CNY 50 million and CNY 70 million over the next six months, using their own funds. Wang Kunxiao, a director, acquired the 51,700 shares and after the transaction, now directly holds 133,154,889 shares of the company, representing 13.01% of the total share capital. The company noted that the share increase reflects the controlling shareholder's recognition of the company's value and confidence in its future.