Hengli Petrochemical controller's share purchase plan halfway, no shares acquired

Hengli Petrochemical announced that its actual controller, Chen Jianhua, has not yet purchased any shares as part of his previously disclosed plan to increase holdings. The plan, which commenced on April 9, 2025, involves acquiring shares through centralized bidding on the Shanghai Stock Exchange, with a target investment of not less than 500m yuan and not exceeding 1bn yuan. The 12-month implementation period has now passed its halfway point.

The company stated that the delay is primarily due to "overall capital planning" and a gradual implementation approach. Chen Jianhua will continue to execute the share purchase plan as outlined. The initial disclosure of this plan was made on April 9, 2025, and the current announcement is dated October 10, 2025.

Hengli Petrochemical also acknowledged potential risks, including changes in capital market conditions or the timely availability of funds, which could lead to delays or inability to implement the plan as intended. The company confirmed that the share purchase, when executed, will comply with relevant laws and regulations and will not alter the company's control structure or eligibility for listing.