Controlling shareholder of Jereh progresses with increased stake

Yantai Jereh Oilfield Services Group announced that its controlling shareholders, Sun Weijie, Wang Kunxiao, and Liu Zhenfeng, have collectively increased their stake in the company. As of July 8, 2025, they purchased 51,700 shares through the Shenzhen Stock Exchange trading system, using self-raised funds. The transactions totaled CNY 1.4972 million at an average price of CNY 28.96 per share. This move is part of a previously announced plan initiated on April 9, 2025, to increase holdings by between CNY 50 million and CNY 70 million over six months. Post-transaction, the controlling shareholders collectively hold 436,740,958 shares, representing 42.66% of the company. The shareholders expressed confidence in the company's future prospects and affirmed their commitment to completing the planned increase.