Rongsheng Petrochemical: Controlling shareholder increases stake in the company to 2%

Rongsheng Petrochemical announced that its controlling shareholder Rongsheng Holdings will increase its holdings of Rongsheng Petrochemical shares through the Shenzhen Stock Exchange trading system from January 22, 2024 to May 21, 2025, with a total of 204 million shares, accounting for 2.01% of the total share capital of Rongsheng Petrochemical. The source of the increase in holdings is from its own funds and bank loans. After the increase, Rongsheng Holdings and its concerted action parties collectively hold 6.057 billion shares of Rongsheng Petrochemical, accounting for 59.8198% of the total share capital. This increase complies with relevant laws and regulations and does not violate the Securities Law, the Measures for the Administration of the Acquisition of Listed Companies, and other regulations.