BEIJING N STAR (00588) announced that its controlling shareholder Beichen Group plans to increase its holdings of the company's A-shares within 12 months from the disclosure date of this announcement. The share purchases will be conducted through centralized bidding on the Shanghai Stock Exchange, with a cumulative increase amount of no less than RMB 45 million and no more than RMB 90 million, representing no more than 2% of the company's total share capital.

Recently, the company received notification from Beichen Group that, in order to actively respond to and fully utilize policy tools supporting share increases from relevant regulatory authorities, Beichen Group has reached a cooperation agreement with Bank of China Limited. The Beijing Olympic Village Branch of Bank of China Limited has issued a "Loan Commitment Letter" to Beichen Group, committing to provide loan support for Beichen Group's share increase activities. The maximum loan amount will not exceed RMB 81 million, specifically designated for Beichen Group's A-share purchases in the market.

Therefore, the funding sources for this share increase plan will be Beichen Group's own funds and self-raised funds (specialized loans for share increases).