Honglin Power: The controlling shareholder, Mingbo Cables, plans to increase its holdings by RMB 20 million to RMB 40 million.

Honglin Electric Power announced that its controlling shareholder, Mingbo Cables, plans to increase its holdings of the company’s shares within six months from the date of disclosure of this announcement, through methods such as centralized bidding and block trades. The total amount of the increase in holdings will be no less than RMB 20 million (inclusive) and no more than RMB 40 million (inclusive). This shareholding increase plan does not set a price range. The funds will come from a combination of self-owned funds, borrowed funds, and special loans for shareholding increases.
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