Zhengzhou Coal Machinery's controlling shareholder pledges stake

Zhengzhou Coal Mining Machinery Group (SSE: 601717) announced that its controlling shareholder, Hongyi Investment Management (Henan) LLP, has pledged 61,000,000 A-shares, or 23.11% of its holdings, to Henan Jiyuan Iron and Steel (Group) Co., Ltd. This pledge constitutes 3.42% of Zhengzhou Coal Machinery's total share capital. Following the pledge, Hongyi Investment still holds 263,985,719 A shares, accounting for 14.79% of the company's total share capital. Together with consistent actor Henan Asset Management, which possesses 77,854,357 shares, they collectively hold 19.15% of the company's shares. The pledge is for the enterprise to meet business needs with the shares becoming unpledged on March 4, 2029. Zhengzhou Coal Mining Machinery has a total share capital of 1,785,399,930 RMB consisting of 243,234,200 H shares and 1,542,165,730 A shares.