Xinbao Electrical Appliance's shareholder equity change exceeds 1%

Guangdong Xinbao Electrical Appliances (SZSE:002705) announced that Guangdong Dongling Kaiqin Group Co., Ltd., its controlling shareholder, increased its holdings in the company, triggering a change in equity exceeding an integer multiple of 1%. From April 11, 2025, to April 29, 2025, Dongling Group increased its stake by 1.45 million shares, resulting in a combined shareholding of Dongling Group and its affiliate, Hong Kong Dongling, increasing from 65.8662% to 66.0448%. This change falls within the scope of the previously announced increase plan, where the Group intends to increase its holdings for an amount of between CNY30 million and CNY50 million within six months from April 10, 2025. The Group has committed to not reducing its holdings during the implementation period and the statutory period.