Yankuang Energy: It is recommended to spin off the holding subsidiary, Casson Technology, and list it on the National Equities Exchange and Quotations (NEEQ) system for small and medium-sized enterprises nationwide.

Yankuang Energy announced that it is recommended to spin off its holding subsidiary, Casong Technology, for listing on the National Equities Exchange and Quotations system for small and medium-sized enterprises. Casong Technology is mainly engaged in the research and development, production, and sales of industrial lubricants and greases. As of June 30, 2025, Casong Technology had total assets of 3.555 billion yuan, total liabilities of 1.492 billion yuan, and net assets of 2.063 billion yuan. From January to June 2025, the operating income was 1.535 billion yuan, and the net profit was 43.5512 million yuan. It is proposed that after the spin-off is completed, Casong Technology will still be a holding subsidiary of Yankuang Energy.