Wanxiang Denong's controlling shareholder's share repurchase plan has reached its halfway point; the repurchase has not yet been implemented (plan of 25-50 million yuan).

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On March 14, 2026, Wanxiang Denuo Co., Ltd. (hereinafter referred to as “Wanxiang Denuo”) announced the progress of its controlling shareholder’s share repurchase plan, disclosing the implementation status of Wanxiang Sannong Group Co., Ltd. (hereinafter referred to as “Wanxiang Sannong”)'s share increase plan. The announcement shows that, as of now, more than half of the plan’s implementation period has passed, but Wanxiang Sannong has not yet increased any shares of the company.

Background of the Share Increase Plan

According to the announcement, Wanxiang Sannong disclosed the share increase plan on May 14, 2025, proposing to increase its holdings of Wanxiang Denuo shares through centralized bidding transactions on the Shanghai Stock Exchange within 12 months from May 14, 2025 (i.e., until May 13, 2026). The total amount to be increased is no less than 25 million yuan and no more than 50 million yuan, with the initial increase and subsequent increases combined not exceeding 2% of the company’s total share capital. The plan does not set a price range, and the funds come from Wanxiang Sannong’s own funds and special loans.

Progress and Remaining Period

The announcement states that as of March 14, 2026 (the date of this announcement), the implementation period of Wanxiang Sannong’s share increase plan has passed the halfway point, but no shares have been increased yet. Specifically, the planned period for the plan was from May 14, 2025, to May 13, 2026. As of now, the total shares increased are 0, with a total amount of 0 yuan, accounting for 0% of the company’s total share capital.

The reason given for not yet implementing the increase is “gradually implementing the plan according to overall arrangements.”

Future Arrangements and Funding Sources

Wanxiang Sannong stated in the announcement that it will increase its holdings of the company’s shares at an appropriate time based on this plan, with funding still coming from its own funds or special loans.

Risk Reminder

The announcement also notes that this share increase plan may be affected by changes in the capital market or other unpredictable risk factors, which could prevent the plan from achieving the expected results. Additionally, this plan will not lead to changes in the company’s controlling shareholder or actual controller.

Wanxiang Denuo stated that the company will continue to monitor the implementation of this share increase plan and will fulfill its information disclosure obligations in a timely manner according to relevant regulations. Investors should be aware of related investment risks.

Disclaimer: The market has risks; investments should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao