Lingyi Itech Chairman Zeng Fangqin Plans to Increase H-Share Stake by RMB 100 Million to RMB 200 Million

Stock News10-29

Lingyi Itech (01688) has announced that its board of directors was informed by Ms. Zeng Fangqin, the company's actual controller, chairman, and general manager, that based on her confidence in the company's future development and recognition of its long-term investment value, she intends to increase her holdings of the company's H shares by no less than RMB 100 million and no more than RMB 200 million, in order to boost investor confidence.

The proposed share increase reflects Ms. Zeng Fangqin's confidence in the company's future prospects and her acknowledgment of the company's long-term investment value.

The move is also aimed at shoring up investor confidence in the company.

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