Liugong controlling shareholder boosts stake, nears investment target

Guangxi Liugong Machinery received notification on September 23, 2025, from its controlling shareholder, Guangxi Liugong Group Co., Ltd., regarding the progress of its share increase plan. As of September 23, 2025, Liugong Group has cumulatively increased its holdings in the company by 22,749,680 shares, representing 1.12% of the current total share capital. The total investment for these shares, excluding transaction fees, amounts to CNY 24,862.31.

Following this increase, Liugong Group now holds 528,503,232 shares, accounting for 26.02% of the company's total share capital, up from 25.05% prior to the latest increase. This change has triggered a 1% integer multiple increase in shareholding. The cumulative investment has reached 99.45% of the lower bound of the planned investment range of CNY 25,000.00 to CNY 50,000.00.

The share increase plan, initiated on April 26, 2025, is based on Liugong Group's confidence in the company's future development and long-term value. The group intends to continue increasing its holdings as the plan has not yet been fully implemented.