Hubei Energy Group's major shareholder, Hubei Hongtai Group, plans to increase its holdings of the company's shares by 100 million to 200 million yuan.

Hubei Energy Group (000883.SZ) announced that the company has recently received a notification letter from Hubei Hongtai Group Co., Ltd., a shareholder holding more than 5% of the company's shares. Hubei Hongtai Group plans to increase its holdings of the company's stock through centralized bidding on the Shenzhen Stock Exchange within 6 months from the date of the announcement. The amount of the planned increase is not less than RMB 100 million and not more than RMB 200 million.