Xinbao Co., Ltd. announced on August 5 that Dongling Group, the controlling shareholder of the company, plans to increase its holdings of the company within six months from the date of disclosure of the announcement. The proposed increase in holdings is not less than 50 million yuan and not more than 80 million yuan. The purpose of increasing holdings is based on confidence in the company's future development prospects and recognition of growth value. The funding source is own or self-raised capital, no price range is set, and it will be implemented through the Shenzhen Stock Exchange trading system.

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