Nanshan Aluminium controlling shareholder extends equity pledge

Shandong Nanshan Aluminium Co., Ltd. announced that Shandong Yili Power Co., Ltd., a party acting in concert with controlling shareholder Nanshan Group, has extended the pledge period for 335,000,000 of the company's shares. These shares represent 2.88% of the company's total share capital and 12.98% of Yili Power's holdings. Originally pledged to China Minsheng Banking Corp. Ltd., Yantai Branch, the new expiration date is October 24, 2026, extended from October 28, 2025. The pledge is for routine operational financing.

Following this extension, Nanshan Group's cumulative pledged shares amount to 420,690,357, representing 3.62% of the company's total share capital. Yili Power's cumulative pledged shares total 885,970,000, accounting for 7.63% of the company's total share capital. In total, the controlling shareholder and its concerted party have 1,306,660,357 shares pledged, representing 11.25% of the company's total share capital.

The company stated that the pledged shares are not subject to risks of forced liquidation or being used as collateral for asset reorganization performance compensation. Both Nanshan Group and Yili Power are reported to have sound credit and the capacity to repay, with no change to the company's actual control.