Xuefeng Technology: Controlling Shareholder Plans to Increase Holdings of Company Shares for 150 Million to 300 Million Yuan

People’s Financial News, March 22 — Xuefeng Technology (603227) announced on March 22 that its controlling shareholder, Guangdong Hongda, plans to increase its holdings of the company’s A-shares within 12 months from the date of the announcement through methods permitted by the Shanghai Stock Exchange system, using its own funds. The total increase will not be less than 150 million yuan and not more than 300 million yuan (including this purchase). The price per share for the increase will not exceed 9.6 yuan.

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