Haineng Industrial's Specific Shareholder Reduction Plan Completed; Dasheng Investment and Hesheng Investment Reduced Holdings by a Combined 2.9311 Million Shares

On March 12, 2026, Anfu County Haineng Industrial Co., Ltd. (hereinafter referred to as “Haineng Industrial”) announced the completion of the implementation of the specific shareholder reduction plan, disclosing that the company’s specific shareholders, Dongtai Dasheng Investment Partnership (Limited Partnership) (hereinafter referred to as “Dasheng Investment”) and Dongtai Hesheng Investment Partnership (Limited Partnership) (hereinafter referred to as “Hesheng Investment”), have completed the previously disclosed share reduction plan. The two shareholders reduced a total of 2.9311 million shares through centralized bidding transactions, accounting for 0.94% of the company’s total share capital, with an average selling price of 12.85 yuan per share.

Implementation of the Reduction Plan

The announcement shows that Haineng Industrial disclosed a “Pre-Disclosure Announcement of the Share Reduction Plan for Specific Shareholders” on March 4, 2026. Dasheng Investment planned to reduce no more than 2 million shares via centralized bidding from March 10 to June 9, 2026, and Hesheng Investment planned to reduce no more than 1.1 million shares during the same period. As of March 11, 2026, both shareholders had completed their reductions ahead of schedule.

From the reduction data, Dasheng Investment actually reduced 1.8435 million shares, accounting for 92.18% of its planned maximum; Hesheng Investment reduced 1.0876 million shares, accounting for 98.87% of its planned maximum, both close to their planned scales. Based on an average reduction price of 12.85 yuan per share, the total cash proceeds from this reduction amount to approximately 37.65 million yuan.

Shareholding Changes Before and After the Reduction

Before this reduction, Dasheng Investment held 2.77224 million unrestricted shares, accounting for 0.88% of the total share capital; Hesheng Investment held 3.345168 million unrestricted shares, accounting for 1.07%. After the reduction, both shareholders’ holdings decreased in number and proportion.

Impact on the Company and Compliance Explanation

The announcement states that the reduction actions by Dasheng Investment and Hesheng Investment comply with the “Company Law,” “Securities Law,” and other relevant laws, regulations, and normative documents. The actual reduction matches the pre-disclosed plan, and both shareholders have strictly fulfilled their commitments made during the initial public offering.

Haineng Industrial emphasizes that these shareholders are not the company’s controlling shareholders or actual controllers. This reduction will not affect the company’s governance structure or ongoing operations, and the company’s fundamentals have not undergone significant changes.

After this reduction, Dasheng Investment still holds 0.30% of the company’s shares, and Hesheng Investment holds 0.72%. Future changes in shareholding will be subject to the company’s announcements.

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Editor: Xiao Lang Kuai Bao