Xinbao Electrical: Controlling shareholder completes share increase plan

Guangdong Eastring Kayqin Group concluded its share increase plan between April 11, 2025, and June 23, 2025. The Group acquired 3,584,300 shares through centralized competitive bidding, representing 0.4415% of Xinbao Electrical's total share capital. The total value of the increased holdings amounted to CNY 50,003,759.80. This fulfills the previously announced plan to increase its holdings by between CNY 30,000,000 and CNY 50,000,000, which was initially disclosed on April 10, 2025. Following the increase, Guangdong Eastring Kayqin Group, directly and indirectly, holds 66.3077% of Xinbao Electrical's total share capital. The Group stated the increase reflects confidence in Xinbao Electrical's future prospects and growth potential.