Jiangsu Hengli Hydraulic's largest shareholder reduces stake by 0.78%

Jiangsu Hengli Hydraulic Co., Ltd. announced on September 25, 2025, that its controlling shareholder, Sinopec Technology (Hong Kong) Co., Limited, has reduced its stake in the company. Between September 8 and September 25, 2025, Sinopec Technology offloaded 10,456,808 shares through bulk trades and concentrated bidding, representing 0.78% of the company's total share capital.

This transaction has resulted in a 0.78% decrease in the combined shareholding of Sinopec Technology and its concerted parties, moving from 66.74% to 65.96%. The change in equity crosses the 1% threshold, as detailed in the announcement.

The company confirmed this equity change aligns with the shareholder's previously disclosed reduction plan and does not trigger a mandatory tender offer. Furthermore, the change does not alter the company's controlling shareholder or actual controller. The information discloser remains within its reduction plan implementation period, and the company will ensure compliance with relevant regulations and timely disclosure of future equity changes.