Linglong Tyre's controlling shareholder pledges more shares

Shandong Linglong Tyre Co., Ltd. announced on November 26, 2025, that its controlling shareholder, Linglong Group Co., Ltd., has pledged an additional 52,900,000 shares. This latest pledge comprises 42,900,000 shares and 10,000,000 shares, both initiated on November 25, 2025, and held by Tibet Trust Co., Ltd. The purpose of these pledges is to replace existing financing.

Following this transaction, Linglong Group's total pledged shares now amount to 177,000,000 shares. This represents 29.67% of Linglong Group's total holdings in the company and 12.09% of the company's total share capital. Linglong Group currently holds 596,644,122 shares, accounting for 40.77% of the company's total share capital.

The company stated that the funds obtained from the share pledges will be used to meet Linglong Group's operational capital needs. The Group's credit profile is reported to be sound, with sufficient repayment capability. The company clarified that the pledges are not for non-operational fund appropriation, illegal guarantees, or other purposes detrimental to the listed company's interests, and are not expected to adversely impact the company's main business, continuous operations, or change its actual control.