Yuan Xing Energy's controlling shareholder re-pledges all its shares for financing

Inner Mongolia Yuan Xing Energy announced that its controlling shareholder, Inner Mongolia Boyuan Holding Group Co., Ltd. (Boyuan Group), has released and re-pledged 41,000,000 shares. This re-pledge represents 3.65% of Boyuan Group's total shareholding and 1.10% of the company's total share capital. The initial pledge, dating back to November 29, 2023, was set to expire on August 28, 2025. The new pledge with Ping An Bank Co., Ltd. Hohhot Branch, commencing on August 28, 2025, is for financing guarantees.

As of the announcement date, Boyuan Group's total pledged shares, including this re-pledge, amount to 1,122,491,995 shares, representing 100% of its holdings and 30.18% of the company's total share capital. The filing indicates that 29.71% of these pledged shares are restricted or frozen. Boyuan Group stated the re-pledge is to secure its own financing and confirmed there is currently no risk of liquidation.

Boyuan Group's liquidity is gradually recovering, and it is actively working to resolve its debt through various means, including asset monetization. As of June 30, 2025, Boyuan Group's interest-bearing debt totaled 638,500,000 yuan, with all of this amount due within the next six months.