• Puhua Energy increased its stake in Zuoli Kechuang from approximately 28.52% to 35.98% on November 11, 2026.
• Chairman Yu Yin transferred all his 88,000,000 domestic shares, representing approximately 7.46%, to Puhua Energy, leaving him with no direct holdings.
• The concert group's combined stake remained approximately 37.92%; the transfer streamlined its shareholding structure.
• Hong Kong's Securities and Futures Commission granted Puhua Energy a waiver from the mandatory general offer requirement triggered by the transfer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zuoli Kechuang Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261111-12408777), on November 11, 2026, and is solely responsible for the information contained therein.