Rongsheng Petro Chemical's controlling shareholder boosts stake with ¥1 bn investment

Rongsheng Petro Chemical Co., Ltd. announced that its controlling shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., has completed its shareholding increase plan. The plan, initiated on April 8, 2025, and concluded on September 30, 2025, involved the acquisition of 116,642,047 shares through concentrated bidding on the Shenzhen Stock Exchange. The total investment amounted to approximately ¥1,012,560,500.

Prior to this increase, Rongsheng Holding held 5,382,659,734 shares, representing 53.16% of the company's total share capital. Following the completion of the plan, Rongsheng Holding's stake increased to 5,499,301,781 shares, accounting for 55.05% of the total share capital. This transaction did not affect Rongsheng Petro Chemical's listed status, nor did it alter the controlling shareholder or actual controller.

The increase was executed in accordance with relevant laws and regulations, and falls under the exemption from a tender offer. Rongsheng Petro Chemical has fulfilled its information disclosure obligations regarding this increase.