Inner Mongolia Yuan Xing Energy shareholder stake rises passively

Inner Mongolia Yuan Xing Energy (SZSE:000683) announced that the shareholding ratio of its controlling shareholder, Inner Mongolia Boyuan Holding Group, and its concert party, Beijing Zhongji Hongli Asset Management, passively increased to 31.05% from 30.88%. This change, crossing the 1% threshold, occurred due to the company completing the buyback and cancellation of restricted shares under its 2023 equity incentive plan, reducing the total share capital from 3,739,176,560 to 3,718,739,060 shares. The buyback involved 20,437,500 shares at a price of CNY 3.36 per share for initial grants and CNY 3.4 per share for reserved shares, affecting 47 employees.