Chengtun Mining's controlling shareholder pledges more shares for working capital

Shenzhen Shengtun Group Co., Ltd., the controlling shareholder of Chengtun Mining Group Co., Ltd., has executed a stock pledge repurchase transaction involving 17.3 million shares. This transaction, which is not for performance compensation related to major asset restructurings, commenced on September 10, 2025, and is scheduled to mature on September 10, 2026. The pledge was made to CITIC Securities Co., Ltd. Shenzhen Science and Technology Park Securities Business Department for supplementing working capital.

Following this latest pledge, the controlling shareholder and its concerted parties (including Shenzhen Shengtun Group Co., Ltd., Shenzhen Shengtun Industrial Development Co., Ltd., and Yao Xiongjie) now have a cumulative 244.03 million shares pledged. This represents 43.99% of their total held shares and 7.90% of Chengtun Mining Group's total share capital. The total shares held by the controlling shareholder and its concerted parties amount to 554.79 million shares, accounting for 17.95% of the company's total share capital.

Before this transaction, Shenzhen Shengtun Group Co., Ltd. held 457.49 million shares, representing 14.80% of the company's total share capital, with 211.43 million shares previously pledged. The recent pledge increases its individual pledged shares to 228.73 million, representing 50.00% of its holdings and 7.40% of the total share capital.