Ligao New Energy's controlling shareholder is Yantai Lanfeng Equity Investment Partnership

The controlling shareholder of Ligao New Energy is Yantai Lanfeng Equity Investment Partnership (Limited Partnership), which holds 31.6% of the shares. In addition, state-owned enterprises such as Sinopec Group Capital Co., Ltd. and Wanhua Chemical Group Battery Technology Co., Ltd. are also among the top ten shareholders.