ST Gengxing: The controlling shareholder plans to increase its holdings of company shares by 30-60 million yuan.

ST Gengxing announcement said that the controlling shareholder Zhejiang Haixin Energy Co., Ltd. plans to increase its shareholding in the company through the trading system of the Shanghai Stock Exchange within 6 months from the date of this announcement, with the planned amount not less than 30 million yuan and not more than 60 million yuan. The purpose of the increase is to further strengthen control over the company, and to convey the controlling shareholder's support and confidence in the company's development prospects. The methods of increasing holdings include but are not limited to centralized bidding trading, block trading, etc. The funding source for the increase will be from its own funds or self-raised funds.