Securities Code: 002828 Securities Abbreviation: Becken Energy Announcement Number: 2026-036
Announcement of Becken Energy Holding Group Co., Ltd. on Absorption Merger of Wholly-owned Subsidiary with Wholly-owned Grandchild Company and Capital Reduction
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Overview of Absorption Merger and Capital Reduction
To optimize the Company's internal resource allocation, reduce organizational levels and departments, and enhance operational efficiency, Becken Energy Holding Group Co., Ltd. (hereinafter referred to as the "Company") held the twelfth meeting of the sixth Board of Directors on June 22, 2026. The meeting deliberated and passed the "Proposal on Absorption Merger of Wholly-owned Subsidiary with Wholly-owned Grandchild Company and Capital Reduction." It was agreed that Becken Energy (Chengdu) Co., Ltd. (hereinafter referred to as "Becken Chengdu"), a wholly-owned subsidiary of the Company, would absorb and merge with Becken Energy (Beijing) Co., Ltd. (hereinafter referred to as "Becken Beijing"), a wholly-owned grandchild company, and subsequently reduce its capital after the merger.
This absorption merger does not involve any payment of consideration. After the absorption merger, Becken Chengdu will remain in existence, and Becken Beijing will be legally deregistered. All assets, liabilities, businesses, personnel, and all rights and obligations of Becken Beijing will be legally assumed by Becken Chengdu. After the absorption merger, Becken Chengdu will reduce its registered capital by RMB 200 million, from RMB 500 million to RMB 300 million, and will remain a wholly-owned subsidiary of the Company.
This absorption merger and capital reduction does not constitute a related-party transaction and does not constitute a major asset restructuring as stipulated by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." In accordance with the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association" of the Company, this matter falls within the scope of the Board of Directors' approval authority and does not require submission to the shareholders' meeting for deliberation.
II. Basic Information of the Merging Parties
(I) Basic Information of the Merging Party