Guangzhou Development Group Incorporated (600098.SH) controlling shareholder and concerted action person jointly increased their holdings by 8,018,100 shares.

Announcement from Guangzhou Development Group Incorporated (600098.SH) on January 3, 2025: The company's controlling shareholder, Guangzhou Industrial Investment Holdings Group Limited (referred to as "Guangzhou Industrial Investment"), and its acting in concert party Guangzhou Industrial Investment Private Equity Securities Investment Fund Management Co., Ltd. - Investment Value 1 Private Equity Securities Investment Fund (referred to as "Investment Value 1"), increased their holdings of the company's A shares by 8.0181 million shares through centralized bidding on the Shanghai Stock Exchange system, accounting for 0.23% of the company's total share capital. Based on their confidence in the company's future steady development and their recognition of the company's value, Guangzhou Industrial Investment and its acting in concert party Investment Value 1 plan to increase their holdings of the company's A shares through centralized bidding on the Shanghai Stock Exchange securities trading system for a total accumulated amount not less than RMB 100 million (inclusive) and not more than RMB 200 million (including the amount from this current increase) starting from the first day of this share increase (January 3, 2025) for a period of 6 months.