Liaoning Chengda shareholder extends pledge, partially releases shares

Liaoning Chengda announced that shareholder Shaoguan Gaoteng extended the repurchase deadline for 37.63 million pledged shares to February 19, 2026, while also releasing 4.8 million shares from pledge. After these transactions, Shaoguan Gaoteng holds 234,004,700 shares, representing 15.30% of the company's total share capital, with 125,420,000 shares remaining pledged. The pledged shares account for 53.60% of Shaoguan Gaoteng's holdings and 8.20% of Liaoning Chengda's total share capital. The pledge extensions and partial release are intended to meet the shareholder's business needs, primarily to replenish working capital. The company states that these actions will not impact its operations, control structure, or financial stability.