SHAONENG announced that its shareholder Shenzhen Zhaowei Hengfa Energy Co., Ltd., which holds more than 5% of the shares, will reduce its holdings by 31.444 million shares through block trading and centralized bidding from June 13, 2025, to September 12, 2025. This represents 3.00% of the capital after excluding shares in the company's repurchase special account and 2.91% of the company's total share capital. After the reduction, Shenzhen Zhaowei's shareholding in the company will decrease from 13.11% to 10.20%, a change that touches an integer multiple of 1%. The shares being reduced are sourced from shares obtained through a transfer agreement