Kexin Development: Lian Zongsheng and its concerted actors increase their shareholding to 34.76%

Kexin Development Announcement: Lian Zongsheng subscribed in cash for the company’s shares issued to specific investors, with an issuance quantity of 26.2521 million shares. The subscription amount was RMB 301 million, and the issue price was RMB 11.48 per share. After this issuance is completed, Lian Zongsheng and its persons acting in concert, Kexin Industrial and Peide Yisheng, will together hold 100 million shares of the company, accounting for 34.76% of the company’s total share capital, and Lian Zongsheng will remain the company’s actual controller.

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