Hengli Petrochemical announced that it recently received a notice from Hengneng Investment, a concerted actor of the controlling shareholder Hengli Group, and it has processed part of the share pledge and cancellation of the pledge business. Hengneng Investment pledged 55 million shares to Societe Generale International Trust on December 2, accounting for 3.67% of its shares to supplement working capital and provide guarantees for Hengli Group's financing; 68 million shares were released on the same day, accounting for 4.54% of its shares. As of the disclosure date of the announcement, the controlling shareholders and their co-actors held a total of 5.311 billion shares, accounting for 75.45%, and pledged 1,690 billion shares, accounting for 31.83% of their shares and 24.01% of the total share capital. The risk of this pledge is manageable and does not affect the company's actual control.

Hengli Petrochemical announced that it recently received a notice from Hengneng Investment, a concerted actor of the controlling shareholder Hengli Group, and it has processed part of the share pledge and cancellation of the pledge business. Hengneng Investment pledged 55 million shares to Societe Generale International Trust on December 2, accounting for 3.67% of its shares to supplement working capital and provide guarantees for Hengli Group's financing; 68 million shares were released on the same day, accounting for 4.54% of its shares. As of the disclosure date of the announcement, the controlling shareholders and their co-actors held a total of 5.311 billion shares, accounting for 75.45%, and pledged 1,690 billion shares, accounting for 31.83% of their shares and 24.01% of the total share capital. The risk of this pledge is manageable and does not affect the company's actual control.