Jiangsu Linyang Energy's major shareholder completed the acquisition of 7.886 million shares.

Jiangsu Linyang Energy (601222.SH) announced that the company's controlling shareholder, Qidong Huahong Electronics Co., Ltd. (referred to as "Huahong Electronics"), has cumulatively increased its holdings of the company's shares by 7.886 million shares through the Shanghai Stock Exchange system in a centralized bidding trading manner, accounting for 0.38% of the company's total share capital, with a total increase of 50.065 million yuan. This additional investment plan has been completed.