Announcement on Partial Share Pledge and Release by Controlling Shareholder
This announcement is made by the Board of Directors and all its members to ensure the content is true, accurate, and complete, with no false records, misleading statements, or material omissions.
Shouguang Molong Holdings Co., Ltd. (hereinafter referred to as "Molong Holdings"), the controlling shareholder of Shandong Molong Oilfield Machinery Co., Ltd. (hereinafter referred to as "the Company"), has been notified by Molong Holdings that it has completed the release and pledge of a portion of its shares in the Company. The specific details are as follows:
I. Details of Share Release by Shareholder
| Shareholder Name | Is it the Controlling Shareholder or First Largest Shareholder and their Concerted Parties | Share Class | Number of Shares Released (shares) | Proportion of Shares Released to Total Shares Held | Proportion of Shares Released to Total Share Capital | Pledge Start Date | Pledge Release Date | Pledgee |
|---|---|---|---|---|---|---|---|---|
| Molong Holdings | Yes | A Share | 35,700,000 | 15.15% | 4.47% | 2024-7-1 | 2026-6-17 | Shandong Provincial New Energy Investment Management Co., Ltd. |
| Total | - | - | 35,700,000 | 15.15% | 4.47% | - | - | - |
As of June 17, 2026, the aforementioned released shares have completed the registration procedures for share release at China Securities Depository and Clearing Corporation Limited Shenzhen Branch.