Keda Manufacturing’s largest shareholder adjusts share pledge status

Keda Manufacturing announced that its largest shareholder, Mr. Liang Tongcan, has completed a series of share pledge adjustments. As of December 3, 2025, Mr. Liang holds 374,456,779 shares, representing 19.52% of the company's total share capital. Following the recent transactions, his cumulative pledged shares amount to 166,700,000, accounting for 44.52% of his holdings and 8.69% of the company's total share capital.

The recent activities involved the release of 41,500,000 pledged shares between December 2 and December 3, 2025. Concurrently, Mr. Liang pledged an additional 5,000,000 unrestricted circulating shares, effective from December 3, 2025, to fund his operational turnover. These new pledges represent 1.34% of his holdings and 0.26% of the company's total share capital.

Collectively, Mr. Liang and Guangdong Hongyu Group Co., Ltd., holding 438,797,931 shares (22.88% of total share capital), have a total of 231,041,152 shares pledged. This represents 52.65% of their combined holdings and 12.05% of Keda Manufacturing's total share capital. The company states that these pledge changes will not impact its core business operations, financing, or corporate governance.