Paulette announced that Quwei Qi Chen, an affiliate of Quwei Zhihe, a shareholder holding more than 5% of the shares, plans to increase the company's shares through centralized bidding transactions within 6 months from the date of disclosure of this announcement. The amount will not be less than RMB 50 million or not higher than RMB 100 million. There is no price range set for this increase in holdings, and the source of funding is own or legal self-financing. Prior to the increase in holdings, Qu Wei and Qi Chen did not hold shares in the company.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.