Xinxing Ductile Iron Pipes' share increase plan concludes

Xinxing Ductile Iron Pipes (SZSE:000778) announced that Xinxing Jihua Group, its controlling shareholder, has completed its previously announced plan to increase its holdings in the company. Between December 21, 2024, and June 20, 2025, Xinxing Jihua Group acquired an additional 43,509,700 shares via Shenzhen Stock Exchange trading system, representing 1.10% of Xinxing Ductile Iron Pipes' total share capital, for a total consideration of CNY 152,642,645 (excluding transaction costs). Following the completion of the share increase, Xinxing Jihua Group now holds 1,638,318,003 shares, accounting for 41.34% of the company's total share capital. This completes a plan that committed a total investment of between CNY 150,000,000 and CNY 300,000,000. Xinxing Ductile Iron Pipes has also proposed a cash dividend of CNY 0.20 per 10 shares, totaling CNY 79,263,645.70, for the year 2024. The company plans to distribute the dividend on July 4th, 2025.