Hengli Petrochemical shareholder adjusts pledged stockholdings

Hengli Petrochemical's controlling shareholder, Hengli Group, and its concert parties collectively hold 5,310,675,080 shares, representing 75.45% of the company's total equity. Of these, 1,690,200,000 shares are currently pledged, accounting for 31.83% of their total holdings and 24.01% of the company's total share capital.

Hengneng Investment (Dalian) Co., Ltd., a concert party, recently pledged 55,000,000 shares for 55,000,000 yuan to Industrial Bank International Trust Co., Ltd. to supplement working capital. This specific pledge represents 3.67% of Hengneng Investment's holdings and 0.78% of the company's total share capital. Concurrently, Hengneng Investment also released a pledge on 68,000,000 shares, which constituted 4.54% of its holdings and 0.97% of the total share capital.

Following these transactions, Hengneng Investment now holds 1,498,478,926 shares, with 522,200,000 shares pledged, representing 34.85% of its total holdings and 7.42% of Hengli Petrochemical's total share capital. The company asserts that Hengneng Investment maintains good credit, has repayment capacity, and the pledges do not alter the company's actual control or materially affect its operations.