Risen Energy: Shareholder Lin Hai Feng pledges, releases shares

Risen Energy (SZSE:300118) announced that its controlling shareholder, Lin Hai Feng, has pledged 9,250,000 shares, representing 3.27% of his holdings and 0.81% of the company's total share capital. The pledge commenced on June 24, 2025, with the pledgee being the National Trust Co. These shares are pledged for financing purposes. Concurrently, Lin Hai Feng released a total of 44,550,000 previously pledged shares, accounting for 15.74% of his holdings and 3.91% of the company's total share capital. All releases occurred on June 26, 2025. The pledgees for these released shares were all held by the property rights firm, Orient Securities. Following these transactions, Lin Hai Feng holds 94,880,000 pledged shares, or 33.53% of his holdings and 8.32% of Risen Energy’s total share capital. The company asserts that these pledges do not pose significant risks to its operations or control.