Risen Energy's controlling shareholder adjusts share pledge status

Risen Energy Co., Ltd. announced that its controlling shareholder, Mr. Lin Haifeng, executed new share pledges and released previous ones. On August 28, 2025, Mr. Lin Haifeng pledged 26,450,000 shares, representing 9.35% of his total holdings and 2.32% of the company's total share capital. The pledge was made for financing purposes.

Concurrently, Mr. Lin Haifeng released a pledge of 18,000,000 shares on September 1, 2025. This release, made with Industrial Bank Co., Ltd. Ningbo Branch, represented 6.36% of his holdings and 1.58% of the company's total share capital.

Following these transactions, Mr. Lin Haifeng's cumulative pledged shares amount to 125,130,000, representing 44.22% of his holdings and 10.98% of Risen Energy's total share capital. The company stated that the pledged shares do not involve any major asset restructurings or performance compensation obligations. Mr. Lin Haifeng's personal credit remains sound, and the transactions are not expected to impact the company's operations, governance, or lead to a change in actual control.