Hengli Petrochemical shareholder pledges more shares for liquidity

Hengli Petrochemical announced that Hengneng Investment (Dalian) Co. Ltd., a party acting in concert with the controlling shareholder Hengli Group, has pledged an additional 56,000,000 shares. This transaction, initiated on December 19, 2025, is intended to supplement working capital, with Xizang Trust Co. Ltd. as the pledgee.

Following this pledge, Hengneng Investment now has a total of 578,200,000 shares pledged, representing 38.59% of its holdings and 8.21% of Hengli Petrochemical's total share capital. The main debt secured by this pledge matures on January 22, 2027.

Overall, Hengli Group and its concerted parties currently hold 5,310,675,080 shares, representing 75.45% of the company's total shares. The cumulative number of pledged shares for these parties has reached 1,686,200,000, accounting for 31.75% of their total holdings and 23.95% of the company's total share capital. The company asserts that this pledge will not affect its actual control, operations, or governance.