Shanghai Yongguan Adhesive Products Corp., Ltd. (603681.SH)'s controlling shareholder, Lv Xinmin, plans to increase his holdings in the company by 50 million to 100 million yuan.

Shanghai Yongguan Adhesive Products Corp., Ltd (603681.SH) announced that, based on the confidence in the company's future stable development and recognition of its long-term investment value, Mr. Lu Xinmin, the controlling shareholder and actual controller of the company, plans to use his own funds to increase his holdings of the company's A shares through the Shanghai Stock Exchange system in a centralized bidding manner within 6 months from the date of this announcement. The total amount of the increase shall not be less than RMB 50 million and not exceed RMB 100 million (excluding transaction costs).