Hainan Development: Controlling shareholder and its concerted parties plan to increase their holdings of the company's shares by 1-2 billion yuan.

Hainan Development Announcement: The controlling shareholder Hainan Holdings and its concerted actors plan to increase their holdings of the company's shares in the next 6 months, with the intended increase amount being no less than 100 million RMB and not exceeding 200 million RMB. The number of shares to be increased will not exceed 2% of the total share capital of the company. The source of funds for the increase will be self-raised funds of Hainan Holdings and its concerted actors. Before the increase, Hainan Holdings and its concerted actors held 259 million shares of the company, with a shareholding ratio of 30.69%.