Hengli Petrochemical shareholder adjusts share pledges

Hengli Petrochemical announced that Hengneng Investment (Dalian) Co., Ltd., a concerted action party of the controlling shareholder, Hengli Group Co., Ltd., has both pledged and released a portion of its shares. Hengneng Investment pledged 53m shares for supplementary working capital, representing 3.54% of its holdings and 0.75% of the company’s total share capital. The pledge is scheduled to mature on September 25, 2025. Concurrently, 68m shares were released from pledge, constituting 4.54% of Hengneng Investment’s holdings and 0.97% of the company's total share capital.

Following these transactions, Hengneng Investment holds 1,498,478,926 shares, representing 21.29% of Hengli Petrochemical's total share capital. Its cumulative pledged shares now stand at 622,252,500 shares, accounting for 41.53% of its holdings and 8.84% of the company’s total share capital.

As of the disclosure date, the controlling shareholder Hengli Group and its concerted action parties collectively hold 5,310,675,080 shares (75.45% of total share capital). Their cumulative pledged shares amount to 1,790,252,500 shares, representing 33.71% of their total holdings and 25.43% of the company’s total share capital. The company asserts that Hengneng Investment maintains good credit and repayment capability, and these transactions do not affect the company's control or operations.