The controlling shareholder of Guanghe Technology (01989) plans to increase the company's shares by 50 million to 100 million yuan

Zhitong Finance App News, Guanghe Technology (01989) announced that, based on confidence in the company's future development prospects and recognition of long-term investment value, and in order to boost investor confidence and effectively protect investors' interests, Zhenyun Investment, the controlling shareholder of the company plans to increase his holdings of special loans and/or own capital within 6 months from the date of disclosure of this increase plan announcement through the Shenzhen Stock Exchange trading system (including Hong Kong Stock Connect) and the Hong Kong Stock Exchange Limited system to increase its holdings of the company's A shares and H shares through centralized bidding. Above RMB 100 million, no price range is set. Zhenyun Investment will avoid implementing plans to increase holdings during periods such as quiet periods for the company's regular reporting and sensitive periods for important matters.

Regarding the special loan for the holdings increase plan mentioned above, the Guangzhou branch of China CITIC Bank Co., Ltd. has promised to provide Zhenyun Investment with a special loan amount of not more than RMB 90 million to increase its holdings. The loan period is no more than 36 months. Zhenyun Investment promises not to reduce its holdings of the company's shares during the increase period and the statutory period, and will strictly abide by the relevant regulations of the China Securities Regulatory Commission, the Shenzhen Stock Exchange and the Hong Kong Stock Exchange Limited to implement the increase plan.

As of the date of this announcement, Zhenyun Investment held about 171 million A-shares of the company, accounting for about 36.20% of the company's current total share capital. The company's controlling shareholder group includes Mr. Xiao Hongxing, Ms. Liu Jinchan, Zhenyun Investment, Shenzhen Guangcai Investment Enterprise (Limited Partnership) (Guangcai Investment) and Shenzhen Guangsheng Investment Enterprise (Limited Partnership) (Guangsheng Investment). Mr. Xiao Hongxing and Ms. Liu Jinchan are spouses, both of whom are company directors. Mr. Xiao Hongxing holds 99.90% of Zhenyun Investment. Guangcai Investment is a limited partnership established under Chinese law. Its general partner is Mr. Xiao Hongxing. Guangsheng Investment is a limited partnership established under Chinese law. Its general partner is Mr. Xiao Hongxing. On the date of this announcement, according to Section XV of the Securities and Futures Ordinance, Mr. Xiao Hongxing held a total of about 229 million A-shares of the company through controlled corporations Zhenyun Investment, Guangcai Investment and Guangsheng Investment, accounting for about 48.40% of the company's current total share capital; Ms. Liu Jinchan, as the spouse of Mr. Xiao Hongxing, is also considered to hold such shares.