Baichuan Energy announced that from December 9 to 10, 2025, controlling shareholder Baichuan Asset Management and concerted actor Wang Dongjiang will dissolve and pledge shares. Baichuan Asset Management dissolved 100,020,000 shares, accounting for 21.09% of its shares; Baichuan Asset Management and Wang Dongjiang pledged 25,000,000 shares and 18,940,000 shares respectively. As of the announcement date, the controlling shareholders and concerted actors had pledged a total of 418,521,000 shares, accounting for 60.27% of their shares. The 228,000,000 shares pledged to expire within the next six months will correspond to a financing balance of 360 million yuan. There are no other maturing shares, which will not affect the control and operation of the company.

Baichuan Energy announced that from December 9 to 10, 2025, controlling shareholder Baichuan Asset Management and concerted actor Wang Dongjiang will dissolve and pledge shares. Baichuan Asset Management dissolved 100,020,000 shares, accounting for 21.09% of its shares; Baichuan Asset Management and Wang Dongjiang pledged 25,000,000 shares and 18,940,000 shares respectively. As of the announcement date, the controlling shareholders and concerted actors had pledged a total of 418,521,000 shares, accounting for 60.27% of their shares. The 228,000,000 shares pledged to expire within the next six months will correspond to a financing balance of 360 million yuan. There are no other maturing shares, which will not affect the control and operation of the company.