China Man Petroleum announced that Zhu Fengxue, the former shareholder of the company's IPO, currently holds 5.5634 million shares of the company, accounting for 1.20% of the company's total share capital. Zhu Fengxue plans to reduce his holdings by no more than 4.623 million shares through centralized bidding transactions and no more than 1.387 million shares through bulk trading between September 23, 2026 and December 22, 2026. In total, he will reduce his holdings by no more than 5.5634 million shares, or no more than 1.20% of the company's total share capital. The reason for the reduction is his own capital requirements. This reduction in holdings will not result in a change in the company's control, and there is uncertainty about the implementation of the holdings reduction.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.