Kaiying Network: Chairman Jin Feng plans to increase his holdings by no less than 150 million yuan

Kaiying Network announcement: The company’s controlling shareholder, actual controller, and Chairman Jin Feng plans, within 6 months from the date of disclosure of the proposed share increase plan, to increase his holdings of the company’s shares through methods permitted by the Shenzhen Stock Exchange. The increase amount will be no less than RMB 1.5 billion. As of the date of disclosure of the announcement, he directly holds 320 million shares, representing 14.99%; he holds 112 million shares, representing 5.26%, through Shaoxing Ansheng Enterprise Management Partnership (Limited Partnership). His total holdings are 433 million shares, representing 20.26%. The share increase does not set a price range; the source of funds is his own funds or self-raised funds.