Chengtun Mining's controlling shareholder adjusts share pledges, increases total

Chengtun Mining Group Co. announced that its controlling shareholder, Shenzhen Chengtun Group Co., recently released a pledge on 13 million shares, representing 2.84% of its holdings and 0.42% of the company's total share capital. Following this, Shenzhen Chengtun Group's remaining pledged shares stood at 226.33 million, accounting for 49.47% of its total holdings.

Concurrently, Shenzhen Chengtun Group also pledged an additional 21 million shares, equating to 4.59% of its holdings and 0.68% of the company's total share capital. This new pledge was made to Guangdong Nanyue Bank Co., Shenzhen Branch, to supplement working capital. The pledge period is from October 28, 2025, to October 30, 2026.

As of the announcement date, the controlling shareholder and its concerted parties collectively hold 554.79 million shares, representing 17.95% of the total share capital. After the latest pledge, their cumulative pledged shares amount to 270.03 million, making up 48.67% of their total holdings and 8.74% of the company's total share capital. The company confirmed there is no risk of margin calls on the pledged shares.