Linglong Tyre's controlling shareholder pledges additional shares

Shandong Linglong Tyre Co., Ltd. announced today that its controlling shareholder, Linglong Group, has pledged 47,000,000 shares of the company. This increases Linglong Group's total pledged shares to 156,710,000, representing 26.71% of its holdings and 10.71% of Linglong Tyre's total share capital. The pledge period began on July 7, 2025, and ends upon the resolution of the current pledge by the Xizang Trust. Linglong Group will use the funds raised to replace existing financing. The company states that the share pledge will not adversely affect the company's operations or its controlling ownership. As of the announcement date, Linglong Group and its related parties hold 789,302,127 shares, amounting to 53.93% of the total. Of these holdings, 156,710,000 shares are pledged.