China Tianying Inc. (000035.SZ)'s controlling shareholder plans to increase its stake in the company by 50 million to 100 million yuan.

China Tianying (000035.SZ) announced that its controlling shareholder Nantong Qianchuang Investment Co., Ltd. (referred to as "Nantong Qianchuang") plans to increase its holdings in the company within three months from the announcement date, through methods permitted by the Shenzhen Stock Exchange system (including but not limited to centralized bidding and block trades), with a total increase amount not less than 50 million yuan (inclusive) and not exceeding 100 million yuan (inclusive). Recently, Ping An Bank Co., Ltd. Shenzhen Branch issued a "Loan Commitment Letter" to Nantong Qianchuang, promising to provide Nantong Qianchuang with a special loan for stock increases not exceeding 90 million yuan, with a loan term of three years, and the commitment letter is valid for one year.