Zhongneng Holdings (00228) plans to receive a premium of about 9.03% and make a full purchase offer to resume trading on December 24

Zhitong Finance App News, China Energy Holdings (00228) and the offender Jiaying Co., Ltd. jointly announced that at 4:00 p.m. on December 16, 2025 (Tuesday), the stock offering was oversubscribed by about 0.78%. Immediately after the completion of the share offering (subject to the final allocation), the offeror and those acting in concert will have a total equity interest of about 241.6 million shares, which is equivalent to about 52.97% of the total issued share capital of the company after the issuance of approximately 152 million shares to be expanded. Accordingly, the offeror is required to make a mandatory unconditional cash offer in accordance with sections 26.1 and 13 of the Takeovers Code, other than those already owned or to be acquired by the offeror and the person acting in concert with him. HK$1.57 in cash for each offered share is approximately 9.03% of the share's closing price of HK$1.44 per share as reported on the Stock Exchange on the last trading day.

Furthermore, the company has applied for the resumption of stock trading starting at 9:00 a.m. on December 24, 2025.