PUXING ENERGY (00090) recently subscribed to HashKey Holdings Limited's shares.

PUXING ENERGY (00090) announced that the company has recently subscribed to the issuance of Class A preferred shares by HashKey Holdings Limited (the Subscription). The Board of Directors believes that the Group can explore new business areas through the Subscription with HashKey Holdings Limited and its subsidiaries, which is beneficial for the diversification and sustainable development of the Group's business. Following the completion of the Subscription, the company holds no more than 5% of HashKey Holdings Limited's equity, becoming a shareholder of HashKey Holdings Limited. The Board of Directors believes that the Subscription will not have any significant impact on the Group's business, operations, and financial condition.