Energy Intinv (00353): Sun Li Acquires 30% Stake in Controlling Shareholder Cosmic Shine

The board of directors of Energy Intinv (00353) was informed by Mr. Sun Li that the change in shareholding of the company's controlling shareholder, Cosmic Shine International Limited, was completed on October 13, 2026.

As of the date of this announcement, the company has 2.116 billion issued ordinary shares. Among these: (i) 31,517,800 shares, representing approximately 1.49% of the company's issued share capital, are held by Shundong Capital Pte Ltd., a company 80% and 20% owned by Mr. Sun and his spouse Ms. Ma Yujuan respectively; (ii) Mr. Sun serves as an executive director and co-chairman of the board; (iii) 1.41 billion shares, representing approximately 66.67% of the company's issued share capital, are held by Cosmic Shine; (iv) Mr. Cao Sheng serves as an executive director and co-chairman of the board; and (v) Mr. Liu Yong serves as an executive director and chief executive officer of the company.

Immediately prior to the completion of the shareholding change, Cosmic Shine was legally and beneficially owned 50%, 20%, and 30% by Mr. Cao, Mr. Liu, and Mr. Hu Xiaoliang respectively.

On October 13, 2026, Mr. Hu, as seller, entered into a sale and purchase agreement with Mr. Sun, as buyer, pursuant to which Mr. Hu agreed to sell and Mr. Sun agreed to acquire a 30% equity interest in Cosmic Shine. The shareholding change was completed on October 13, 2026.

Immediately following the completion of the shareholding change: (i) Cosmic Shine continues to hold 1.41 billion shares, representing approximately 66.67% of the company's issued share capital, and remains the company's controlling shareholder; (ii) Cosmic Shine is owned 50%, 20%, and 30% by Mr. Cao, Mr. Liu, and Mr. Sun respectively; and (iii) Mr. Hu no longer holds any interest in Cosmic Shine or the company.

The shareholding change occurred at the level of Cosmic Shine, and accordingly, no direct change in shareholding or board composition arose at the company level as a result. The directors are of the view that the shareholding change has no impact on the company's financial position and operations.