China Minsheng Banking Corp., Ltd. (600016.SH): New Hope Liuhe plans to increase its shareholding.

China Minsheng Banking Corp., Ltd. (600016.SH) announced that the proposal regarding the investment in the bank by New Hope Liuhe Chemical Investment Co., Ltd. has been approved at the second interim meeting of the ninth Board of Directors. According to regulations, the company will submit an application for approval to the China Banking and Insurance Regulatory Commission for changes in shareholders holding over 5% of the company. New Hope Liuhe Group Co., Ltd. is optimistic about the long-term development of the company. Its subsidiary, New Hope Liuhe Chemical Investment Co., Ltd. (referred to as "New Hope Liuhe Chemical"), plans to increase its stake in the company through secondary market transactions, specifically through centralized competitive trading and bulk trading. As of the date of this announcement, New Hope Liuhe Group Co., Ltd. controlled a total of 4.96% of the company's shares through its subsidiaries Southern Hope Industrial Co., Ltd. and New Hope Liuhe Luihe Investment Co., Ltd. After the increase, New Hope Liuhe Chemical and its concerted action parties Southern Hope Industrial Co., Ltd. and New Hope Liuhe Luihe Investment Co., Ltd. will collectively hold more than 5% of the company's shares, and the relevant investment will be implemented after approval.