Beijing North Star (601588.SH) controlling shareholder's shareholding plan extended for 6 months.

Beijing North Star (601588.SH) issued an announcement on January 9, 2025, stating that the company received a letter from its controlling shareholder, Beichen Group, informing them that due to factors such as the window period for regular reports, information sensitivity period, and changes in the capital market situation, the planned increase in shareholding could not be completed within the original timeframe. Based on their confidence in the company's future sustainable and steady development, as well as the recognition of its long-term investment value, Beichen Group intends to continue implementing the shareholding plan using its own funds and specialized loans from financial institutions. The deadline for the shareholding plan will be extended by 6 months to July 8, 2025, while the other contents of the plan remain unchanged. This decision is made in response to investor concerns, to fulfill commitments, better protect the interests of investors, and strengthen investor confidence.