Eastern Shenghong controlling shareholder boosts stake, completes share increase plan

Jiangsu Eastern Shenghong announced that its controlling shareholder's concerted party, Shenghong (Suzhou) Group Co., Ltd., completed its share increase plan, acquiring an additional 60,918,631 shares. This equates to 0.92% of the company's total share capital, with a total investment of 57,681.47 yuan (excluding transaction fees). The increase took place between June 17, 2025, and December 16, 2025.

Following the completion of this plan, the combined direct holdings of Jiangsu Shenghong Technology Co., Ltd. and its concerted parties increased from 67.15% to 68.07%. This change triggered a 1% threshold in equity fluctuation.

The share increase plan was initiated to demonstrate confidence in the company’s future stable development, acknowledge its long-term investment value, boost investor confidence, and maintain market stability. The acquisitions were made through centralized bidding transactions on the Shenzhen Stock Exchange, funded by a combination of proprietary capital and special loans.