Keda Manufacturing's largest shareholder pledges more equity

Keda Manufacturing Co., Ltd. announced that its largest shareholder, Liang Tongcan, has pledged 32,000,000 shares, representing 1.67% of the company's total share capital. This transaction increases Liang's cumulative pledged shares to 194,900,000, which now accounts for 52.05% of his total holdings and 10.16% of the company's overall share capital. The pledge, effective December 23, 2025, is for financing the production and operational capital of Guangxi Haosheng Ceramic Co., Ltd.

Including his consistent acting party, Guangdong Hongyu Group Co., Ltd., their combined pledged shares total 259,241,152, representing 59.08% of their aggregate holdings and 13.52% of Keda Manufacturing's total share capital as of December 23, 2025. Despite the pledge, Keda Manufacturing states that Liang and his related entities maintain good credit and repayment capacity, with funds sourced from operational income and self-raised capital.

The company does not foresee this share pledge impacting its core business, credit lines, financing costs, or continuous operational capabilities. Keda Manufacturing will closely monitor the pledge's progress and ensure timely disclosure of relevant information, advising investors to be aware of potential risks.