Chengtun Mining's controlling shareholder pledges more shares

Chengtun Mining Group Co., Ltd. announced that its controlling shareholder, Shenzhen Shengtun Group Co., Ltd., and its associate, Shenzhen Shengtun Industrial Development Co., Ltd., have pledged additional shares. Shenzhen Shengtun Group pledged 10.6 million shares, and Shenzhen Shengtun Industrial Development Co., Ltd. pledged 7.4 million shares. Both pledges are for supplementary working capital, with a maturity date in September 2028.

Prior to these pledges, the controlling shareholder and its associates held a total of 554,799,897 shares, representing 17.95% of the company's total share capital. Following these transactions, the cumulative pledged shares by the controlling shareholder and its concerted parties now total 262 million shares, accounting for 47.23% of their total holdings and 8.48% of the company’s overall share capital.

These recent pledges were not related to any major asset restructuring or performance compensation arrangements.