Risen Energy shareholder pledges shares for financing

Risen Energy (SZSE:300118) announced today that its controlling shareholder, Lin Haifeng, pledged 7,800,000 shares of the company. This represents 2.76% of Lin's holdings and 0.68% of Risen Energy's total share capital. The pledge, effective from June 3, 2025, is for financing purposes. After the pledge, Lin Haifeng's total pledged shares amount to 137,680,000, representing 48.65% of his total holdings and 12.08% of the company's total share capital. Risen Energy states that Lin Haifeng possesses the financial capacity to repay the financing. The company also clarified that the share pledge does not present a risk of forced liquidation or a change in control of the company.