Kangxin New Materials: Major shareholder increases holdings, equity change reaches 1% threshold.

Kangxin New Materials announced that from October 10, 2025 to December 19, the controlling shareholder Wuxi Jianfa increased its stake by 4.6742 million shares through centralized bidding, accounting for 0.35% of the total shares, with a total investment of 13.4299 million yuan. After the increase, its shareholding ratio increased from 38.81% to 39.16%, triggering a change in equity exceeding the 1% threshold. The funds for this increase came from self-owned funds and bank loans. Wuxi Jianfa disclosed its increase plan on April 10, 2025, intending to increase by 26.9 million to 53.79 million yuan, not exceeding 2% of the total share capital. Currently, it has accumulated an increase of 9.5857 million shares, accounting for 0.71%, with a total investment of 26.9051 million yuan. It will continue to increase according to the plan, but there is a risk of not being able to implement the plan in full.