Zhitong Finance App News, Xingfa Group (600141.SH) issued an announcement. The controlling shareholder, Yichang Xingfa Investment Co., Ltd. (“Yichang Xingfa Investment”), a wholly-owned subsidiary of Yichang Xingfa Group Co., Ltd., intends to use its own funds to increase the company's A-share shares through the Shanghai Stock Exchange system within 3 months from the date of disclosure, with a total increase of not less than 100 million yuan (inclusive) and no more than 120 million yuan (inclusive).

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