JoulWatt Technology (688141.SH): Concerted parties acting in concert with the controlling shareholder plan to increase their holdings of the company's shares by an amount between RMB 80 million and RMB 160 million.

JoulWatt Technology (688141.SH) announced that Hangzhou Jiewo Information Consulting Partnership (Limited Partnership) ("Hangzhou Jiewo"), one of the persons acting in concert with the company's controlling shareholder, plans to increase its holdings of the company's A-shares through the centralized bidding method via the Shanghai Stock Exchange trading system within 12 months from the date of this announcement, using a special stock increase loan and its own funds. The proposed increase amount under this plan shall be no less than RMB 80 million (inclusive) and no more than RMB 160 million (inclusive). CITIC BANK Hangzhou Branch has committed to providing Hangzhou Jiewo with a special loan of no more than RMB 100 million, with a loan term of no more than 3 years.