Risen Energy shareholder Lin Haifeng releases 18.14m pledged shares

Risen Energy (SZSE:300118) announced today that controlling shareholder Lin Haifeng has released a total of 18,136,600 pledged shares of the company. The shares, released on April 10, 2025, were previously pledged to Guotai Junan Securities. The released shares represent 6.41% of Lin Haifeng's holdings and 1.59% of Risen Energy's total share capital. Following the release, Lin Haifeng's total pledged shares stand at 84,650,000, representing 29.91% of his holdings and 7.43% of Risen Energy's total share capital. The company states that there is no risk of forced liquidation or mandatory transfer of the pledged shares and will continue to fulfill its information disclosure obligations.