The controlling shareholder of Tecon Biology Co. Ltd (002100.SZ) intends to increase its shareholding by 100 million to 200 million yuan and obtain up to 1.4 billion yuan in additional funding for the shareholding increase.

Tecon Biology Co. Ltd. (002100.SZ) announced that the controlling shareholder, Xinjiang Production and Construction Corps State-owned Assets Management Co., Ltd. (referred to as "State-owned Assets Management Company"), plans to increase its holdings of the company's shares within 6 months from the date of this announcement. The planned increase amount is not less than RMB 100 million and not more than RMB 200 million. Recently, the State-owned Assets Management Company has signed a "CEB BANK Stock Increase Loan Commitment Letter" with China Everbright Bank Urumqi Branch (referred to as "China Everbright Bank"). China Everbright Bank promises a loan amount not exceeding RMB 140 million, with an interest rate in accordance with the relevant banking regulations, and a term of one year.