Linzhou Heavy Machinery actual controller's son releases pledged shares

Linzhou Heavy Machinery Group (SZSE:002535) announced that Guo Chuan, son of the company's controlling shareholder and actual controller, has completed the release of previously pledged shares. The released shares totaled 1.94 million, accounting for 64.20% of his holdings and 0.24% of the company's total share capital. Following this release, the cumulative pledged shares by the controlling shareholder and its concerted parties amount to 244.83 million, representing 77.26% of their holdings and 30.54% of the company’s total equity. The announcement assures that the current pledged shares do not face liquidation risks, with the company committed to monitoring the situation and fulfilling disclosure obligations.