Hangmin Co., Ltd. announced that Zhejiang Hangmin Industrial Group Co., Ltd., the controlling shareholder of the company, has already implemented a plan to increase its holdings. Prior to this increase in holdings, Hangmin Group held 467,965,306 shares of the company's issued shares, accounting for 45.84% of the company's total issued shares; the plan is to increase its holdings by 10 million shares through centralized bidding with its own capital within 6 months from July 1, 2026, accounting for 0.98% of the company's issued shares. As of October 9, 2026, Hangmin Group held 477,965,306 shares of the company, accounting for 46.82% of the total shares issued by the company. This increase in holdings is exempt from issuing an offer.

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.