Hengli Petrochemical affiliate pledges shares for employee trust plan

Hengli Petrochemical announced that Hengneng Investment (Dalian) Co. Ltd., a concerted action party of controlling shareholder Hengli Group Co. Ltd., has pledged 13,500,000 of its shares. This transaction, executed on September 1, 2025, represents 0.90% of Hengneng Investment's total holdings and 0.19% of Hengli Petrochemical's total share capital. The pledge provides a guarantee for a trust plan established for employees of Hengli Group and its affiliates.

Following this pledge, Hengneng Investment's cumulative pledged shares now total 637,252,500 shares, representing 42.53% of its holdings and 9.05% of the company's total share capital. Hengneng Investment currently holds 1,498,478,926 shares, accounting for 21.29% of Hengli Petrochemical's total shares.

Cumulatively, the controlling shareholder Hengli Group and its concerted action parties hold 5,310,675,080 shares (75.45% of total shares). Their aggregate pledged shares increased to 1,818,752,500 shares, which is 34.25% of their total holdings and 25.84% of the company's total share capital. The company stated that Hengneng Investment's financial status is good, and the pledge does not alter actual control or significantly impact operations.