Jointo Energy wins controlling shareholder approval for private share placement

Hebei Jiantou Energy Investment Co. recently received approval from its controlling shareholder, Hebei Jiantou Group, for a non-public issuance of shares to specific investors. The approval signifies the group's consent for the company to issue up to 231,141,279 shares to no more than 35 specific investors through a competitive bidding process.

This issuance adheres to the "Measures for the Supervision and Administration of State-owned Equity in Listed Companies" jointly issued by the State-owned Assets Supervision and Administration Commission, the Ministry of Finance, and the China Securities Regulatory Commission (CSRC Order No. 36). The proposed share issuance plan marks a strategic step for the company in its capital management.

The final implementation of this share issuance is contingent upon approval by the company's general meeting of shareholders, review and approval by the Shenzhen Stock Exchange, and registration approval by the China Securities Regulatory Commission. The company has committed to timely information disclosure in accordance with relevant regulations as the matter progresses. This announcement was made by the board of directors on September 4, 2025.