The largest shareholder of Befar Group (601678.SH) plans to increase their stake in the company by 140 million to 280 million yuan.

Befar Group (601678.SH) announced that on January 15, 2025, the company received a notification from its largest shareholder, Binzhou and Yi Industrial Investment Partnership Enterprise (Limited Partnership) (referred to as "Yi Investment"), stating that Yi Investment plans to increase its holdings of the company's shares through centralized bidding trading on the Shanghai Stock Exchange system within 12 months from the date of the announcement, with a total amount not less than RMB 140 million (inclusive) and not exceeding RMB 280 million (inclusive). The funds for this planned share increase will come from a special loan provided by China CCB Bank Binzhou Bincheng Branch (referred to as "CCB Bincheng Branch") to Yi Investment and Yi Investment's own funds. According to the recent notice issued by the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission on "Matters Related to Establishment of Stock Repurchase and Increase in Loans", CCB Bincheng Branch has issued a "Loan Commitment Letter" to Yi Investment, agreeing to provide special loan support for Yi Investment's increase in the company's shares, with a loan amount of RMB 250 million and a loan term of 36 months. In addition to the above-mentioned loan, the remaining funds for this share increase will come from Yi Investment's own funds.