Hengli Petrochemical major shareholder partially releases pledged shares

Hengli Petrochemical Co., Ltd. announced that Hengneng Investment (Dalian) Co., Ltd., an entity acting in concert with controlling shareholder Hengli Group Co., Ltd., has released a portion of its pledged shares. Specifically, 68,000,000 shares held by Hengneng Investment were released from pledge, representing 4.54% of its total holdings and 0.97% of the company's total share capital. The pledge release date is set for December 25, 2025.

Following this transaction, Hengneng Investment now holds 1,498,478,926 shares, accounting for 21.29% of Hengli Petrochemical's total share capital. Its remaining pledged shares stand at 498,200,000, which is 33.25% of its total holdings and 7.08% of the company's total share capital.

Cumulatively, after this release, Hengli Group and its concerted parties collectively hold 5,310,675,080 shares, representing 75.45% of the company's stock. Their total pledged shares are now 1,606,200,000, which is 30.24% of their combined holdings and 22.82% of Hengli Petrochemical's total share capital. The company states that future pledging decisions for the released shares will be based on Hengneng Investment's own funding arrangements.