Sailvan Times (301381.SZ) controlling shareholder Junteng Investment plans to spend 43 million to 85 million yuan to increase its holdings.

Announcement: Sailvan Times (301381.SZ) announced that the company's controlling shareholder, Xiongan Junteng Entrepreneurship Investment Co., Ltd. (referred to as "Junteng Investment"), plans to increase its A-share holdings through the centralized bidding method within 6 months from the date of this announcement. The total amount of the increase shall not be less than RMB 43 million (inclusive) and not more than RMB 85 million (inclusive). The purchase price shall not exceed RMB 28 per share (including the principal). Junteng Investment has obtained a special loan commitment letter from Shanghai Pudong Development Bank Shenzhen Branch, which will provide a special loan fund of RMB 76 million for Junteng Investment to increase its shareholding in the company.