Weihai Honglin Electric Technology's controlling shareholder, Weihai Mingbo Cable Technology, has raised the purchase amount under its original share purchase plan from no less than 20 million yuan and no more than 40 million yuan, to no less than 50 million yuan and no more than 100 million yuan. Apart from the purchase amount, other terms of the original plan remain unchanged. The purchase period is still within six months starting from July 13, 2026, implemented through methods such as centralized bidding or block trades, with no price range set. Funding sources include a combination of own funds, self-raised funds, and special loans for share purchases. As of the announcement date, Mingbo Cable holds 208,607,179 shares of the company, representing 53.6125% of the total share capital. The controlling shareholder has committed not to reduce its holdings in the company during the implementation period of the share purchase plan and for six months after its completion.
Weihai Honglin Electronic Co. Ltd. AControlling shareholder significantly increases share purchase plan, signaling confidence and supporting stock price.
As the controlling shareholder, the increased purchase plan reflects its financial commitment and positive outlook.