SITONG(SH:603838) Zheng Quan Zhi Xing·2025-08-12 12:10Core Viewpoint - The legal opinion letter confirms that the controlling shareholder and actual controller of Guangdong Sitong Group Co., Ltd. are planning to increase their shareholding in the company within a specified timeframe, adhering to relevant laws and regulations [1][5]. Group 1: Shareholding Information - As of February 12, 2025, the controlling shareholder Huang Jianping holds 88,534,032 shares, accounting for 27.66% of the total issued share capital, while his associates, Xie Yuezeng and Deng Jianhua, each hold 13,334,000 shares, representing 4.17% [5][7]. - The total shareholding of the controlling shareholder and his associates amounts to 115,202,032 shares, which is 36% of the total issued share capital [5][8]. Group 2: Shareholding Increase Plan - The increase plan involves a total investment of no less than RMB 10 million and no more than RMB 20 million, with a maximum increase of 2% of the total share capital [5][6]. - The increase will be executed through the Shanghai Stock Exchange system via centralized bidding, with no fixed price or price range set for the shares [5][6]. Group 3: Implementation Status - As of the date of the legal opinion, the controlling shareholder and associates have cumulatively increased their shareholding by 1,884,000 shares, which is 0.59% of the total share capital, with a total investment amounting to RMB 36.59 million [6][8]. - The increase plan has been completed successfully [6][8]. Group 4: Compliance with Regulations - The increase complies with the provisions of the Securities Law and the Takeover Management Measures, allowing for an exemption from mandatory tender offer requirements [7][8]. - The company has fulfilled its information disclosure obligations regarding the shareholding increase as per the relevant laws and regulations [8].