China Jushi Co., Ltd (600176.SH) intends to increase its shareholding in the company by 125 million to 250 million yuan.

China Jushi Co., Ltd (600176.SH) has announced that, based on their strong confidence in the future development prospects of the company and the recognition of its long-term investment value, they plan to increase investor confidence in the company and promote its continuous, stable, and healthy development. The controlling shareholder of the company, CNBM Corporation, plans to increase its shareholding in the company using its own funds through the Shanghai Stock Exchange trading system in a centralized bidding manner within 12 months from the date of the announcement. The total amount of the shareholding increase will be no less than 125 million yuan and not more than 250 million yuan.