Chengtun Mining's controlling shareholder pledges additional shares

Chengtun Mining Group Co., Ltd. announced that its controlling shareholder, Shenzhen Chengtun Group Co., Ltd., has pledged an additional 12.1m shares. This transaction, occurring on December 11, 2025, and maturing on December 16, 2026, represents 2.64% of Shenzhen Chengtun Group's total holdings and 0.39% of Chengtun Mining's total share capital. The pledge was made to Guangdong Huaxing Bank's Zhuhai Branch to supplement working capital.

Following this latest pledge, Shenzhen Chengtun Group and its concerted parties have cumulatively pledged 285.18m shares, representing 51.40% of their total holdings and 9.23% of Chengtun Mining's total share capital. Shenzhen Chengtun Group holds 457.49m shares, accounting for 14.80% of the company's total shares, while the actual controller, Mr. Yao Xiongjie, holds 40.30m shares, or 1.30%.

The company reassured stakeholders that this share pledge will not impact its production, operations, financing, governance, or the stability of control. The controlling shareholder and concerted parties maintain good credit and have plans to address potential risks, including early repayment or additional collateral.