Jiuli hi-tech metals controller's associate increases shareholding

Zhejiang Jiuli Hi-tech Metals (SZSE:002318) announced on September 9, 2025, that Huzhou Yimutian Enterprise Management Co., Ltd. ("Yimutian") increased its shareholding by acquiring 1,200,000 shares on September 5, 2025. This transaction, executed via competitive bidding on the secondary market, amounted to a total of CNY 26,369,484.92. This acquisition represents 0.12% of the company's total share capital.

Following this transaction, Mr. Zhou Zhijiang, Yimutian, Mr. Zhang Yuxu (Mr. Zhou Zhijiang's son), and Jiuli Group Co., Ltd. (collectively, "the concert parties") now hold a combined total of 357,475,525 shares, representing 36.58% of Jiuli Hi-tech Metals' total share capital. The concert parties have committed not to actively reduce their holdings for six months post-acquisition.

Grandall Law Firm (Hangzhou) issued a legal opinion confirming that Yimutian is qualified to be a shareholder. The firm concluded that the share increase by Yimutian complies with the "Measures for the Administration of the Acquisition of Listed Companies" and is exempt from a tender offer, as the cumulative increase over the past 12 months (0.12%) remains below the 2% threshold.