Eastern Shenghong controlling shareholder increases stake by 1%

Jiangsu Eastern Shenghong announced that its controlling shareholder, Jiangsu Shenghong Science and Technology, along with concerted parties Shenghong Petrochemical Group and Shenghong (Suzhou) Group, increased their holdings by 15,635,301 shares between February 22 and February 26, 2025. This represents 0.24% of the company's total share capital, bringing their total direct ownership to 4,363,406,937 shares, or 66% of the total share capital. The purchases were made through centralized competitive trading on the Shenzhen Stock Exchange using their own funds. This increase is part of a larger previously announced plan to increase holdings by between RMB 2 billion and RMB 4 billion by November 14. The controlling shareholder confirmed that they will continue to implement the shareholding increase plan and will not reduce their holdings during the period.