China Minsheng Banking Corp., Ltd. (01988) is planning to increase its shareholding in New Hope Liuhe Chemical through the secondary market.

China Minsheng Banking Corp., Ltd. (01988) announced that the proposal of "China Minsheng Banking Corp., Ltd. on the Investment of New Hope Liuhe Chemical Investment Co., Ltd." has been approved at the second interim meeting of the ninth Board of Directors. According to relevant regulations, the Bank will submit an application for approval to the China Banking and Insurance Regulatory Commission for changes in shareholders owning more than 5% of the shares. New Hope Liuhe Group Ltd. is optimistic about the long-term development of the Bank, and its subsidiary, New Hope Liuhe Chemical Investment Co., Ltd. (referred to as "New Hope Liuhe Chemical"), plans to increase its holdings of the Bank's shares through secondary market transactions, including centralized bidding and block trading. As of the date of this announcement, Southern Hope Industrial Co., Ltd. and New Hope Liuhe Liuhe Investment Co., Ltd., controlled by New Hope Liuhe Group Ltd., collectively hold a total shareholding of 4.96% in the Bank. After the increase in holdings, the total shareholding of New Hope Liuhe Chemical, along with its concerted action persons Southern Hope Industrial Co., Ltd. and New Hope Liuhe Liuhe Investment Co., Ltd., will exceed 5%, and the relevant investment will be implemented after approval.