Eastern Shenghong: Shareholder to increase holdings by up to CNY 1bn

Jiangsu Eastern Shenghong (SZSE:000301) announced that Shenghong (Suzhou) Group Co., Ltd., a concerted action person of the controlling shareholder and a holder of more than 5% of the company's shares, intends to increase its holdings. The planned investment ranges from CNY 500 million to CNY 1 billion. This move, based on confidence in the company's sustainable development and long-term investment value, aims to boost investor confidence and safeguard the interests of minority shareholders. The increase will be carried out via centralized bidding through the Shenzhen Stock Exchange within the next six months. Shenghong (Suzhou) currently holds 6.08% of the company's shares. The company says this increase will not change the actual controller of the company.