Henan Shenhuo shareholder completes share reduction plan

Henan Shenhuo Coal & Power Company Limited announced that its shareholder, Shangqiu Putian Industry and Trade Co. Ltd., has completed its share reduction plan. The plan, initially disclosed on August 5, 2025, involved Putian Industry and Trade selling no more than 20,000,000 shares, representing 0.90% of the company's total share capital.

The share reduction took place between August 27, 2025, and October 10, 2025, through centralized bidding. The average selling price was CNY 19.45 per share, with prices ranging from CNY 18.50 to CNY 21.22 per share. Following the completion of this plan, Putian Industry and Trade now holds 171,750,885 shares, which accounts for 7.64% of the total share capital or 7.69% of the share capital after excluding shares in the dedicated repurchase account.

The company confirmed that the implementation of this share reduction plan complies with relevant laws and regulations. Putian Industry and Trade remains a shareholder with over 5% stake, and this transaction is not expected to adversely affect the company's governance structure, production, or operations, nor will it lead to a change in the company's control.