Jizhong Energy shareholder extends share pledge

Jizhong Energy Resources announced that its shareholder, Jizhong Energy Handan Mining Industry Group Co., Ltd., has extended the pledge period for 19,035,600 unrestricted circulating shares. The initial pledge, made to Zheshang Securities Co., Ltd. on May 27, 2024, was set to expire on November 27, 2024. Handan Mining Group has now extended this period to November 27, 2025.

As of the disclosure date, Handan Mining Group holds 243,252,041 shares in Jizhong Energy Resources, representing 6.88% of the company's total share capital. The extended pledge accounts for 45.88% of Handan Mining Group's total holdings and 3.16% of Jizhong Energy Resources' total share capital.

Handan Mining Group maintains its ability to fulfill its obligations, and the pledged shares do not pose a risk of forced liquidation or adverse impact on the company's operations or governance. The pledged shares are not subject to performance compensation obligations.