China Tianying announced that its controlling shareholder, Nantong Qianchuang Investment Co., Ltd., plans to increase its holdings of the company's shares within three months from the date of the announcement, with the total increase amount being no less than 50 million yuan and no more than 100 million yuan. The increase has no set price range and will be implemented opportunistically based on stock price fluctuations and market trends. Nantong Qianchuang currently holds 422 million shares of the company, accounting for 17.65% of the total share capital. The increase is based on confidence in the company's future development and to safeguard shareholder interests. Ping An Bank's Shenzhen branch has issued a loan commitment letter to Nantong Qianchuang, providing a special loan of up to 90 million yuan for the share increase, with a loan term of three years and a commitment letter validity period of one year.
China Tianying IncControlling shareholder plans to increase holdings with a special loan commitment, signaling confidence and financial support.
