Binhai Energy announced that its controlling shareholder, Xuyang Group, increased its stake in the company by 800,000 shares through centralized competitive trading on July 22, 2026, representing 0.35% of the company's total share capital. Following this increase, Xuyang Group and its concert party, Xuyang Holdings, together hold 67,957,978 shares, accounting for 29.32% of the total share capital, triggering the disclosure threshold at a 29% integer multiple. The funds for this stake increase came from Xuyang Group's own capital and self-raised funds, based on its recognition of the company's future development prospects and long-term value, as well as confidence in the quality improvement of the listed company.
China Risun GroupTianjin Binhai Energy & Development Co LtdControlling shareholder increased stake, signaling confidence in company's value.
Xuyang Group, as the controlling shareholder, actively increased its stake, demonstrating commitment.