Kings Resources controlling shareholder pledges more shares

Zhejiang Jinshi Industrial Co., Ltd., the controlling shareholder of China Kings Resources Group Co., Ltd., has pledged an additional 10 million unrestricted circulating shares to Zhongyuan Trust Co., Ltd. The pledge, representing 2.38% of Jinshi Industrial’s total holdings and 1.19% of China Kings Resources Group's total share capital, was registered on September 8, 2025, and matures on May 30, 2027.

Following this transaction, Jinshi Industrial’s total pledged shares in China Kings Resources Group now amount to 102.26 million shares, representing 24.30% of its holdings and 12.15% of the company’s total share capital. Including shares held by its concerted parties, the cumulative pledged shares account for 22.21% of their collective holdings and 12.15% of the total share capital.

China Kings Resources Group confirmed that this pledge will not alter the company's actual control, impact its main business, financing, or corporate governance. Jinshi Industrial has assured that it possesses the financial capacity to repay the pledge and will take measures like additional pledges or early repayment if any risks arise.