Shaoneng Group shareholder Shenzhen Zhaowei reduces stake

Guangdong Shaoneng Group (SZSE:000601) announced that shareholder Shenzhen Zhaowei Hengfa Energy Co., Ltd. has reduced its stake in the company. Between June 16 and June 24, 2025, Shenzhen Zhaowei sold 14,966,000 shares via block trade, representing 1.39% of Shaoneng Group's total share capital. The average selling price was CNY4.26 per share, within a range of CNY4.23 to CNY4.43. Following the transaction, Shenzhen Zhaowei's ownership in Shaoneng Group decreased from 13.11% to 11.72%. The share reduction is for Shenzhen Zhaowei's own capital turnover needs and is in accordance with previously disclosed plans.