East Group: Judicial auction of associate's shares completed

East Group has announced the completion of the transfer of all 62.61m unrestricted shares of its associate, Xinping Huimeng New Energy Technology Co., Ltd., which were sold via judicial auction. These shares represented 36.2528% of Xinping Huimeng's total holdings and 2.6892% of East Group's total share capital (or 2.7267% after accounting for treasury stock). The final 500,000 shares were officially transferred on October 21, 2025, marking the full completion of the auction process.

Prior to this transfer, East Group’s largest shareholder and its associates collectively held 855.23m shares, representing 36.7329% of the total share capital. Following the completion of this transfer, their combined holdings have passively decreased to 854.73m shares, now representing 36.7114% of the total share capital (or 37.2242% after treasury stock).

East Group confirms that the company currently has no controlling shareholder or de facto controller, and this share auction and transfer will not lead to a change in the company's control. The company's assets, operations, and finances remain independent of these shareholders, and the transfer is not expected to have a significant adverse impact on its production and operations, which continue to proceed normally.