Ruichang Intl (ASX: 01334) has announced that its controlling shareholder, executive director, chief executive officer, and board chairman, Mr. Lu Bo, has increased his stake in the company.

The board was informed that Mr. Lu Bo, through a controlled entity, purchased a total of 1.37 million shares of the company in the open market on June 5, 2026, and June 8, 2026.

The total consideration for these share acquisitions amounted to approximately HK$1.43845 million.

As conveyed by Mr. Lu Bo, this share purchase demonstrates his affirmation of the company's intrinsic value and his firm confidence in its future development prospects and growth potential.

Mr. Lu Bo has not ruled out the possibility of further increasing his shareholding in the company at an appropriate time, in accordance with applicable laws and regulations.