Binhai Energy announced that on July 22, the controlling shareholder Xuyang Group increased its holdings of the company by 800,000 shares through centralized bidding transactions, accounting for 0.35% of the total share capital. After this equity change, Xuyang Group and Xuyang Holdings, its co-actor, held a total of 679.579.78 million shares, accounting for 29.32% of the total share capital. The change hit 29% of the 1% scale. This increase in holdings did not fulfill the promise, and there were no illegal or restricted voting rights.

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