Wushang Group: The largest shareholder, Wushang Alliance, plans to increase its holdings of the company's shares by 30 million to 60 million yuan.

Wushang Group announced on June 26 that its largest shareholder, Wuhan Commercial Federation Co., Ltd., plans to increase its holdings of the company's shares through the Shenzhen Stock Exchange trading system in a centralized competitive bidding manner within 6 months from the date of the announcement. The planned increase in holdings is not less than 30 million yuan and not more than 60 million yuan. There is no price range for this increase. The funds for the increase will come from Wuhan Commercial Federation's own funds and a special stock increase loan provided by the Wuhan Qiaokou Branch of Bank of Communications. The entity making the increase promises not to reduce its holdings of the company's shares during the increase period and the statutory period.