ENERGY INTINV (00353): Sun Li acquires 30% equity interest in controlling shareholder Cosmic Shine

ENERGY INTINV (00353) announces that the board of directors of the Company was informed by Mr. Sun Li (Mr. Sun) that the equity change (as defined below) in Cosmic Shine International Limited (Cosmic Shine), the controlling shareholder of the Company, was completed on October 13, 2026. As at the date of this announcement, the Company has 2.116 billion issued ordinary shares (Shares), of which: (i) 31,517,800 Shares (representing approximately 1.49% of the issued share capital of the Company) are held by Shundong Capital Pte Ltd. (Shundong Capital), which is owned as to 80% and 20% by Mr. Sun and his spouse Ms. Ma Yujuan respectively; (ii) Mr. Sun is an executive director and co-chairman of the board of directors; (iii) 1.41 billion Shares (representing approximately 66.67% of the issued share capital of the Company) are held by Cosmic Shine; (iv) Mr. Cao Sheng (Mr. Cao) is an executive director and co-chairman of the board of directors; and (v) Mr. Liu Yong (Mr. Liu) is an executive director and chief executive officer of the Company. Immediately prior to the completion of the equity change (as defined below), Cosmic Shine was legally and beneficially owned as to 50%, 20% and 30% by Mr. Cao, Mr. Liu and Mr. Hu Xiaoliang (Mr. Hu) respectively. On October 13, 2026, Mr. Hu (as vendor) and Mr. Sun (as purchaser) entered into a sale and purchase agreement, pursuant to which Mr. Hu agreed to sell, and Mr. Sun agreed to acquire, 30% equity interest in Cosmic Shine (the Equity Change). The Equity Change was completed on October 13, 2026. Immediately following the completion of the Equity Change, (i) Cosmic Shine continues to hold 1.41 billion Shares, representing approximately 66.67% of the issued share capital of the Company, and remains the controlling shareholder of the Company; (ii) Cosmic Shine is owned as to 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 and the Company. The Equity Change occurred at the level of Cosmic Shine, and accordingly no direct equity change or change in the composition of the board of directors of the Company has arisen at the level of the Company as a result thereof. The directors are of the view that the Equity Change has no impact on the financial position and operations of the Company.