Himile Mechanical shareholder exempt from tender offer after increasing stake

Beijing Deheheng Law Firm has issued a legal opinion confirming that Zhang Gongyun, the controlling shareholder and de facto controller of Shandong Himile Mechanical Science & Technology Co., Ltd., is exempt from making a tender offer following an increase in his shareholding. Prior to this, Zhang Gongyun held 241,686,678 shares, representing 30.21% of the company's total share capital.

Between October 27 and October 28, 2025, Zhang Gongyun acquired an additional 331,110 shares through centralized bidding on the Shenzhen Stock Exchange. This acquisition, which represents 0.0414% of the company's total share capital, brings his total holdings to 242,017,788 shares, or 30.25%. This increase falls within the 2% threshold allowed by Article 63, Paragraph 1, Item (4) of the "Measures for the Administration of the Takeover of Listed Companies" for an exemption, given he already held over 30% of the shares.

The law firm confirmed that Zhang Gongyun meets the qualifications for increasing his stake and does not have any circumstances that would prohibit him from acquiring shares in a listed company. He has also pledged not to reduce his shareholding within six months of this acquisition.