Kings Resources' controlling shareholder unpledges significant shares

Zhejiang Jinshi Industrial Co. Ltd. (Jinshi Industrial), the controlling shareholder of China Kings Resources Group Co. Ltd., recently completed the unpledging of 5,600,000 shares of the company. These shares, previously pledged to CITIC Securities Co. Ltd., represent approximately 1.33% of Jinshi Industrial's total holdings and 0.67% of the company's total share capital. The unpledging was finalized on September 23, 2025.

Following this transaction, Jinshi Industrial's cumulative pledged shares now stand at 84,240,000, representing 20.02% of its total holdings and 10.01% of the company's total share capital. Jinshi Industrial, together with its concerted parties, holds 460,345,588 shares, or 54.69% of the company's total share capital.

The cumulative pledged shares for Jinshi Industrial and its concerted parties now amount to 84,240,000, which is 18.30% of their combined holdings and 10.01% of the company's total share capital. This move indicates a decrease in the proportion of shares held under pledge by the controlling shareholder group.