Cabe Group: Controlling shareholders and their concerted actors have increased their shareholding ratio without announcement.
Cardbillions announcement, the company received the "Administrative Supervision Measures Decision" from the Ningbo Securities Regulatory Bureau on August 14, 2025. The controlling shareholder Ningbo Xinxie Industrial Group Co., Ltd. and its concerted actors Lin Guangyao, Lin Guangcheng, and Lin Qiang increased their shareholding from 76.881 million shares to 108 million shares, and the shareholding ratio increased from 56.97% to 57.11%. Due to failure to disclose the changes in equity holdings, in violation of Article 13, Paragraph 3 of the "Regulations on the Acquisition and Management of Listed Companies", administrative supervision measures requiring correction and regulatory interviews were imposed. The company will rectify in a timely manner and submit a written rectification report within the specified time frame.
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