Oriental Shenghong: Controlling shareholder's concerted action intends to increase holdings of company shares by 500 million to 1 billion yuan.

Oriental Shenghong Announcement: The controlling shareholder of Jiangsu Shenghong Technology Co., Ltd., Shenghong Group Limited, plans to increase its holdings of the company's A shares through centralized bidding trading on the Shenzhen Stock Exchange within 6 months from the disclosure date of the announcement, with the amount of increase not less than 500 million yuan and not more than 1 billion yuan. As of the disclosure date of the announcement, Shenghong Suzhou holds 6.08% of the company's shares. The increase plan does not set a price range, and the increase subject will implement it opportunistically based on the fluctuation of the company's stock price and the overall trend of the capital market. The funding arrangement for the increase plan will be a combination of own funds and special loans, with the amount of special loans not exceeding 900 million yuan.