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

Zhitong Finance APP news, China Tianying (000035.SZ) announced that its controlling shareholder Nantong Qianchuang Investment Co., Ltd. (referred to as "Nantong Qianchuang") plans to increase its shareholding in the company within three months from the date of this announcement. The increase will be conducted through methods permitted by the Shenzhen Stock Exchange system (including but not limited to centralized bidding and block trading), with the total amount of increase 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 a special loan for stock increase of not more than 90 million yuan, with a loan term of 3 years. The validity period of the commitment letter is 1 year.