Rongsheng Petro Chemical's major shareholder plans increased holdings

Rongsheng Petro Chemical has received notification from its controlling shareholder, Rongsheng Holdings, regarding its intention to increase its holdings in the company. Rongsheng Holdings plans to invest no less than CNY1 billion and no more than CNY2 billion within six months from the announcement date. The investment will be funded through its own capital or self-raised funds. The move reflects confidence in the domestic capital market, Rongsheng Petro Chemical's long-term value, and the company's future stable development. The share increase is also designed to boost investor confidence, protect the interests of minority shareholders, and further solidify Rongsheng Holdings' controlling position.