CHANGHONG Holding Group plans to increase its stake and repurchase shares of its listed companies by 1.2 billion

On April 9th, Sichuan Changhong Electric Holding Group Co., Ltd. plans to stabilize the capital market and enhance investor confidence by combining share repurchases with increasing holdings in its listed companies, with a total funding amount expected to reach up to 1.2 billion yuan. On the evening of the same day, Changhong Energy announced that Changhong Holding Group, based on its confidence in the future sustainable and stable development of its listed companies and recognition of the company's long-term value, plans to increase its holdings in Changhong Energy shares in the near future; in addition, Sichuan Changhong, CHML, and CHANGHONG HUAYI respectively announced through their respective chairmen's proposals to promote the implementation of share repurchases. According to the announcement information from Changhong Holding Group's listed companies, the cumulative funding amount is between 550 million yuan and 1.2 billion yuan