Zanyu Technology Controlling Shareholders and Concerted Parties Initiate Share Repurchase Plan, Planning to Spend 25-50 Million Yuan, Already Completed 653,700 Yuan in Repurchases

On March 19, 2026, Zanyu Technology Group Co., Ltd. (referred to as “Zanyu Technology”) announced that its controlling shareholder, Henan Zhengshang Enterprise Development Group Co., Ltd. (“Zhengshang Development”), along with its concerted action partners, Henan Xingye Real Estate Development Co., Ltd. (“Xingye Real Estate”) and Hangzhou Yongyin Investment Partnership (Limited Partnership) (“Yongyin Investment”), plan to increase their holdings in the company within six months from the date of the announcement, with an investment range of 25 million to 50 million yuan. Among them, Xingye Real Estate completed its first increase through centralized bidding on the same day, acquiring 55,000 shares worth 653,700 yuan.

Key Points of the Share Increase Plan

According to the announcement, the plan is based on the confidence of the increase entities in Zanyu Technology’s strategic development and long-term investment value. The increase will be carried out via centralized bidding on the Shenzhen Stock Exchange, within six months starting from March 19, 2026, with flexible operations based on stock price fluctuations and market trends. No specific price range has been set.

Regarding funding sources, Zhengshang Development and its concerted action partners have stated that they will use their own funds for the increase and have committed not to reduce their holdings during the period and within the legal timeframe, ensuring the completion of the plan.

Implementation of the Increase and Changes in Shareholding Structure

The announcement shows that Xingye Real Estate completed its increase on March 19, with the following details: acquiring 55,000 shares, accounting for 0.01% of the total share capital, with a total investment of 653,700 yuan.

Before and after the increase, the shareholding structure of the controlling shareholder and concerted action partners changed slightly:

Note: Before the increase, Zhengshang Development directly held 34.19% of shares. After the increase, through direct and indirect holdings, the total shares held are 160,882,900, slightly increasing the total shareholding percentage to 34.20%.

Funding Sources and Risk Reminder

The announcement clearly states that all funds for the increase come from the increase entities’ own resources, with no leverage financing involved. The company also notes that the plan may face risks such as changes in the capital market environment or difficulties in raising funds. If such situations occur, the company will fulfill its disclosure obligations promptly.

Additionally, Zanyu Technology emphasizes that this increase will not affect the company’s listing conditions or alter the ownership structure, nor will it have a significant impact on corporate governance.

Market Impact Analysis

The increase plan by the controlling shareholder and concerted action partners is generally viewed as a positive signal regarding the company’s fundamentals. The scale of 25 million to 50 million yuan, combined with the initial purchase, demonstrates confidence in the company’s long-term development. Market analysts believe that, in the current market environment, shareholder increases can help stabilize investor expectations. Future focus should be on the progress of the increase plan and how the company’s performance supports the stock price.

Zanyu Technology stated it will continue to monitor the progress of the increase plan and disclose relevant information in a timely manner as required.

Disclaimer: The market carries risks; investments should be cautious. This article is automatically generated by an AI model based on third-party data and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to official announcements for accuracy. For questions, contact biz@staff.sina.com.cn.

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