Shanghai Pharmaceuticals (601607.SH) announced that based on confidence in the company's future development, its controlling shareholder SIIC Group plans to increase holdings in the company's H shares over the next 12 months through its wholly-owned subsidiary SIIC International. The share purchases will be conducted through the Hong Kong Stock Exchange system via centralized bidding method, with a planned increase of 55 million to 74 million shares, not exceeding 2% of the company's voting shares. This increase does not set a fixed price range and will be conducted opportunistically based on capital market conditions. The funding source will be SIIC International's own funds.