Shaoneng Group shareholder plans to reduce holdings

Guangdong Shaoneng Group (SZSE:000601) announced that Shenzhen Zhaowei Hengfa Energy, a shareholder holding over 5% of the company's shares, plans to reduce its holdings. Shenzhen Zhaowei currently holds 141,612,134 shares, representing 13.11% of the total share capital (13.51% excluding repurchased shares). The planned reduction involves selling 31,444,050 shares, equivalent to 3.00% of the share capital excluding repurchased shares. The sale will occur via block trades and/or open market transactions between June 13, 2025, and September 12, 2025, following a 15-day waiting period from the announcement date. The price is not less than CNY 3 per share and not higher than CNY 10 per share, based on market conditions and regulations. The shareholder's stated reason for the reduction is to meet its own funding needs.