Yunnan Energy New Material shareholder releases significant share pledge

Yunnan Energy New Material Co. announced that its major shareholder, YuXi HeYi Investment Co., has completed the release of pledges on a portion of its company shares. The total number of shares released from pledge is 14,000,000, representing 11.7% of HeYi Investment's total holdings and 1.44% of the company's total share capital. The pledge release occurred on various dates, with the latest transaction dated July 9, 2024.

Following this release, HeYi Investment's total pledged shares amount to 71,584,000, representing 59.93% of its holdings and 7.29% of the company's total share capital. Combined with other consistent actors, the cumulative pledged shares stand at 192,289,754, representing 46.37% of their total holdings and 19.58% of the company's total share capital. The company assures that HeYi Investment and its consistent actors maintain good credit and repayment ability, with no immediate liquidation risk for the pledged shares.

The company emphasizes that these pledge activities will not alter the actual control of the company, nor will they impact its production, operations, or corporate governance. Should any liquidation risk arise, HeYi Investment and its consistent actors will implement measures such as supplementary pledges or early repurchase of pledged shares to mitigate such risks.