Jizhong Energy Group boosts stake in Jizhong Energy Resources

Jizhong Energy Group, the controlling shareholder of Jizhong Energy Resources (SZSE:000937), has increased its stake in the company, triggering a disclosure requirement. Between November 29, 2024, and May 14, 2025, Jizhong Energy Group acquired an additional 31,183,101 shares through the Shenzhen Stock Exchange, representing 0.88% of Jizhong Energy Resources' total share capital. This brings Jizhong Energy Group's total ownership, along with its persons acting in concert, to 58.04%, up from 57.16%. This increase is part of a larger plan, announced in November 2024, for Jizhong Energy Group to increase its holdings by between CNY 200 million and CNY 400 million. The company’s 2024 annual shareholder meeting approved a resolution to authorize a future financing of the company, along with a number of other resolutions, including a proposal to renew the company's engagement with its accounting firm. The 2024 compensation packages for company directors were also approved.