Hengyi Petrochemical's controlling shareholder boosts stake to 57.49%

Hengyi Petrochemical announced its controlling shareholder, Zhejiang Hengyi Group Co., Ltd., and its concerted party, Hangzhou Hengyi Investment Co., Ltd., have increased their aggregate shareholding by 90,000,000 shares. This latest transaction, conducted through block trades on the Shenzhen Stock Exchange on December 22, 2025, involved a total investment of yuan 7,911.00 million (excluding transaction fees). The move is part of a broader plan to increase holdings by yuan 1,500.00 million to yuan 2,500.00 million within six months from December 2, 2025, with a target price not exceeding yuan 10 per share.

This share increase represents a 2.49% stake in the company's total share capital as of December 19, 2025. Following this transaction, the combined shareholding of Hengyi Group and Hengyi Investment in Hengyi Petrochemical has risen from 55.00% to 57.49% of the total share capital. If calculated excluding shares in the company’s dedicated buyback account, their combined stake increased from 60.03% to 62.76%.

The ongoing share acquisition is based on a commitment to maintain strict compliance with relevant regulations. The entities have pledged not to reduce their shareholding during the implementation of the plan or within the legally mandated period.