Jiuli Hi-tech Metals controller boosts stake with $3.6m share purchase

Zhejiang Jiuli Hi-tech Metals announced its actual controller, Zhou Zhijiang, through his wholly-owned entity Huzhou Yimutian Enterprise Management Co., Ltd. ("Yimutian"), acquired 1,200,000 shares of the company on September 5, 2025. This transaction represents 0.12% of the company's total share capital and involved a total consideration of 26,369,484.92 yuan.

The increase in shares is driven by confidence in the company's future prospects and long-term investment value, aiming to boost investor confidence and support the company's sustained, stable, and healthy development. Following this transaction, the total holdings of Zhou Zhijiang and his concerted parties—including Yimutian, Zhou Zhijiang himself, Zhang Yuxu (Zhou's son), and Jiuli Group Co., Ltd.—have risen from 36.46% to 36.58% of the company's total share capital.

This share increase does not trigger a tender offer and will not alter the company's equity distribution or control. Yimutian and its concerted parties have committed not to actively reduce their holdings for six months following this acquisition.