Xinjiang Wanjin Energy: 99.38 million shares held by the controlling shareholder have been judicially frozen.

Xinjiang Wanjing Energy announced that the company's controlling shareholder and actual controller Li Menglong's 99.383 million shares were scheduled to be frozen by the Tieshan District Supervision Committee of Huangshi City on January 9, 2026, for a period of 6 months, representing 100% of the shares held by him and 24.03% of the total share capital of the company. As of the date of the announcement, Li Menglong's cumulative frozen shares amounted to 99.383 million shares, representing 100% of the shares held by him and 24.03% of the total share capital of the company. The reason for the current freeze is unclear, and there is no situation of share pledging or other harm to the company's interests. This scheduled freeze will not lead to a change in the company's controlling rights, nor will it affect the company's production and operation.