Announcement on the Release of Pledged Shares by the Controlling Shareholder
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Hengyi Petrochemical Co., Ltd. (hereinafter referred to as "Hengyi Petrochemical" or "the Company") recently received a letter from its controlling shareholder, Zhejiang Hengyi Group Co., Ltd. (hereinafter referred to as "Hengyi Group"), informing it that a portion of the shares held by Hengyi Group in the Company has been released from pledge. The specific matters are as follows:
I. Basic Information on the Release of Pledged Shares