SINOTRANS (00598) Accumulates 11.5459 Million Additional Shares in Antong Holdings

Stock News
08/24

SINOTRANS (00598) announced its plan to increase holdings in Antong Holdings shares within 12 months starting from July 31, 2025. The original shareholding increase plan set a price ceiling of no more than RMB 3.20 per share (inclusive).

As of the announcement date, the company has acquired 11.5459 million additional shares of Antong Holdings through centralized competitive trading, representing approximately 0.27% of Antong Holdings' total share capital. The accumulated investment amount totals approximately RMB 37 million (excluding taxes and fees).

Given that Antong Holdings' share price has exceeded RMB 3.20 per share, the company will proceed with additional share acquisitions based on authorization from the 15th meeting of the fourth Board of Directors. The Chairman will determine the timing of such transactions based on market conditions and within the framework of applicable laws and regulations, without being constrained by the original price ceiling.

All other aspects of the shareholding increase plan remain unchanged.

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