Hengli Petrochemical's controlling shareholder adjusts share pledge arrangements

Hengli Petrochemical's controlling shareholder, Hengli Group Co., Ltd., and its concert party, Heneng Investment (Dalian) Co., Ltd., have reported recent share pledge and release transactions. Heneng Investment pledged 56,000,000 shares for working capital, representing 3.74% of its total holdings and 0.80% of the company's total share capital. The pledge, to Tibet Trust Co., Ltd., is set to expire by December 23, 2025.

Concurrently, Heneng Investment released a pledge of 68,000,000 shares, which constituted 4.54% of its holdings and 0.97% of the company's total share capital, with the release registered on December 24, 2025. Following these transactions, Heneng Investment’s cumulative pledged shares now total 566,200,000, accounting for 37.78% of its holdings and 8.04% of the company's total share capital.

As of the announcement date, Hengli Group and its concert parties collectively hold 5,310,675,080 shares, representing 75.45% of Hengli Petrochemical's total share capital. Their cumulative pledged shares amount to 1,674,200,000, or 31.53% of their combined holdings and 23.78% of the company's total share capital. Heneng Investment maintains a strong credit profile, indicating controllable pledge risks, with no expected impact on company control or operations.