Shanghai Lingang announced that the company previously disclosed the introduction of China Life Insurance Investment through a capital increase and share expansion through Shanghai Caohejing Development Zone Hi-Tech Park Development Co., Ltd. Recently, the company signed a “Capital Reduction Agreement” with China Life Insurance Investment and Hi-Tech Park Corporation, agreeing that China Life Insurance Investment would withdraw through capital reduction and that the original cooperation was terminated; the registered capital of Hi-Tech Park Company was reduced from 4.168 billion yuan to 3.192 billion yuan, a decrease of 975 million yuan. The reference date for capital reduction is June 30, 2026.

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