Shanxi Meijin's largest shareholder partially releases, re-pledges shares

Shanxi Meijin Energy Co., Ltd. announced that its largest shareholder, Meijin Energy Group, has undergone partial share release and re-pledging. Specifically, 25,000,000 shares were released from pledge and an equivalent amount was re-pledged, representing 1.52% of Meijin Energy Group's holdings and 0.57% of the total share capital. The shares were pledged to Shanxi Bank for financing with the debt repayment coming from operating income. As of April 22, 2025, Meijin Energy Group's total pledged shares amount to 1,638,804,586, representing 99.56% of its holdings and 37.22% of Shanxi Meijin Energy's total share capital. Investors are advised to note that the pledge ratio of the largest shareholder exceeds 80%.